Question: Consider the following table with data about monetary aggregates (billions of dollars, seasonally adjusted data): a) Calculate the annualized growth rate of M1 and M2

Consider the following table with data about monetary aggregates (billions of dollars, seasonally adjusted data):

a) Calculate the annualized growth rate of M1 and M2 for the following periods:

Feb. 2009–Feb. 2010 (one year), Aug. 2009–Feb. 2010 (six months), and Nov 2009–Feb. 2010 (three months).

b) Comment on the growth rates of these monetary aggregates.

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