Get the monthly data from 1970 to 2009 on the M2 (gross) monetary aggregate (CANSIM series V41552796) from the Textbook Resources area of the MyEconLab.

a. Calculate the money growth rate over the entire period and present a time series plot of the series (that is, graph the money growth rate series against time).

b. Calculate the average monetary growth rate and its standard deviation over each of the last four decades.

c. Which decade had the lowest money growth? The highest?

d. Which decade had the lowest money growth volatility? The highest?

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INOV-67 Dec-67 Jan-68 Feb-68 Mar-68 Apr-68 May-68 Jun-68 Jul-68 Aug-68 Sep-68 Oct-68 Nov-68 Dec-68 Jan-69 Feb-69 Mar-69 Apr-69 May-69 Jun-69 Jul-69 Aug-69 Sep-69 Oct-69 Nov-69 Dec-69 Jan-70 Feb-70 Mar-70 Apr-70 M2++ (gross) (M2+ M1++ (gross) 14 36,960 37,238 37,350 37,749 38,200 38,469 38,869 39,504 39,792 40,180 40,521 40,751 41,250 41,343 41,664 41,852 42,194 42,228 42,468 42,608 43,207 43,363 43,682 44,141 44,446 44,742 44,905 45,639 23,516 23,452 23,400 23,316 23,537 23,521 23,668 24,076 24,134 24,340 24,580 24,733 25,224 25,022 25,117 25,288 25,312 25,401 25,420 25,322 25,462 25,727 25,912 26,017 26,005 25,957 26,330 26,354