- See Page 973 3 Points 04 Question The Two Figures Below Show A Long Run Left Hand Chart And Short Run Right Hand Ch 1 (40.66 KiB) Viewed 7 times
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Part 1 (1 point) The table below breaks down M1 and M2 into its components for March 2020, the first month of the COVID-19 recession, and November 2020 (all values are in billions of dollars). Checkable Deposits March 2020 $2,466.40 November 2020 $4,018.92 Part 2 (1 point) Savings Deposits $10,201.90 $11,650.70 From March 2020 to November 2020, M1 increased by $ From March 2020 to November 2020, M2 increased by $ Small Time Deposits $511.72 $284.40 Money Market Funds $1,015.22 $1,105.48 Currency $1.741.38 $1,956.72 billion (round your answer to two decimal places). billion (round your answer to two decimal places). See Hint See Hint
See page 973 04 Question (3 points) The two figures below show a long-run (left-hand chart) and short-run (right-hand chart) view of the money supply and its components. From 1980 to 2019, M2 and M1 each grew at an annual rate of a little less than 6% per year, on average. During the Great Recession, M2 and M1 grew at an annual rate of 9.7% and 12.5%, respectively. In 2020, M2 and M1 grew at an annual rate of 23.4% and 45,8 %, respectively. Note the dramatic increase in M1 and M2 (in the left-hand chart) during the first part of the COVID-19 recession. The chart on the right shows the different components of the money supply for 2020. We will use the data in this figure to see what occurred during the COVID-19 recession. FRED www FRED Tag Lampu ty (The grey and yellow shaded areas indicate a recession or contraction; the white area indicates an expansion.) Live data: https://fred.stlouisfed.org/graph/?g=ziEP Live data: https://fred.stlouisfed.org/graph/?g-ziG2
Part 1 (1 point) The table below breaks down M1 and M2 into its components for March 2020, the first month of the COVID-19 recession, and November 2020 (all values are in billions of dollars). March 2020 November 2020 Checkable Deposits $2,466.40 $4,018.92 Part 2 (1 point) Savings Deposits $10,201.90 $11,650.70 From March 2020 to November 2020, M1 increased by $ From March 2020 to November 2020, M2 increased by $ Small Time Deposits $511.72 $284.40 Money Market Funds $1,015.22 $1,105.48 Currency $1,741.38 $1,956.72 billion (round your answer to two decimal places). billion (round your answer to two decimal places). See Hint See Hint