Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and find
Question:
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and find the most recent monthly values and values from the same month 5 years and 10 years earlier for the M1 Money Stock (M1SL) and the M2 Money Stock (M2SL).
a. Using these data, calculate M1 as a proportion of M2 for each of the years.
b. Explain whether this proportion has increased, decreased, or remained the same over time. Can you think of an explanation for any changes you observe?
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The M1 Money Stock for August 2015 equaled 30693 billion for August 2010 equaled 17437 bi...View the full answer
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