Since 1970, which measure of the money supply has grown more rapidly, M1 or M2? Briefly explain

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Since 1970, which measure of the money supply has grown more rapidly, M1 or M2? Briefly explain why. Has the growth of M1 been more or less stable than the growth rate of M2?

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Dec 31, 2018 11:44 AM

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Since 1970, which measure of the money supply has grown more rapidly, M1 or M2? Briefly explain

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M2 has grown more rapidly Certificates of deposit money market mutual ...View the full answer

Money, Banking, and the Financial System

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