Question: U LULUI JUUL QUESTION 12 The figure shows the evolution of the growth rate of money supply M1 and the federal funds interest rate a)

U LULUI JUUL QUESTION 12 The figure shows the evolution of the growth rate of money supply M1 and the federal funds interest rate a) What happened with the growth rate of money supply and the interest rate during the 2020 economic recession? b) Explain your answer in part (a) in terms of the workings in the market for money. You can think in terms of a graph of the market for money FRED Mt Montok Edectwederal Fun Rate 20 mar Whound 2000 2005 2010 1990 100 1985 Shading indicates US recessions, the most scent one is ongoing fred stoutsted og Source Board of Governors of the Federal Reserve System (US) T Arial 3 (12pt) T-3.19 Say and Submit to save and submit. Click Save All Answers to save all answers

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