Stacked Monetary Policy- Ask FRED The accompanying graph depicts the velocity of the M2 money supply. FREDVelocity of M2 Money Stock 2 -4 -5 2006 2008 2010 2012 2014 2016 2018 Source: Federal Reserve Bank of St. Louis What was the growth rate of velocity of M2 in the 4th quarter of 2008? Round your answer to two places after the decimal

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter14: Modern Macroeconomics And Monetary Policy
Section: Chapter Questions
Problem 15CQ
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Stacked
Monetary Policy- Ask FRED
The accompanying graph depicts the
velocity of the M2 money supply.
FREDVelocity of M2 Money Stock
2
-4
-5
2006
2008
2010
2012
2014
2016
2018
Source: Federal Reserve Bank of St. Louis
What was the growth rate of velocity of M2 in the 4th
quarter of 2008?
Round your answer to two places after the decimal
Transcribed Image Text:Stacked Monetary Policy- Ask FRED The accompanying graph depicts the velocity of the M2 money supply. FREDVelocity of M2 Money Stock 2 -4 -5 2006 2008 2010 2012 2014 2016 2018 Source: Federal Reserve Bank of St. Louis What was the growth rate of velocity of M2 in the 4th quarter of 2008? Round your answer to two places after the decimal
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