Question: i need help understand the below question Go to the St. Louis Federal Reserve Bank's website at https://www.stlouisfed.org, and access current economic data. please help
i need help understand the below question
Go to the St. Louis Federal Reserve Bank's website at https://www.stlouisfed.org, and access current economic data.
please help me locate the M1 and the monetary base, and then estimate the money multiplier.
b. Determine the nominal gross national product (GNP in current dollars). Estimate the velocity of money using M1 from (a) and nominal GNP.
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