The federal government keeps a close watch on money growth
The federal government keeps a close watch on money growth versus targets that have been set for that growth. We list two measures of the money supply in the United States, M2 (private checking deposits, cash, and some savings) and M3 (M2 plus some investments), which are given here for 20 consecutive months.
a. Would a scatterplot describe the relation between M2 and M3?
b. Construct a scatterplot. Is there an obvious relation?
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