EBK MACROECONOMICS
EBK MACROECONOMICS
7th Edition
ISBN: 9780134738970
Author: O'Brien
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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Chapter 19.A, Problem 1RDE

Subpart (a):

To determine

Movement of gold price when countries are reestablishing the gold standard.

Subpart (b):

To determine

Movement of gold price when countries are reestablishing the gold standard.

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Define soft currency
The table to the right shows hypothetical values, in billions of dollars. Use the table to calculate the M1 and M2 money supply for each year. (Enter your responses rounded to the nearest dollar.) Total M1 Total M2 2009 1924 10240 M1 Growth rate M2 Growth rate 2010 1906 10565 2010 Calculate the growth rates of the M1 and M2 money supply from the previous year. (Enter your responses rounded to one decimal place. Use a minus sign to enter negative numbers.) 2011 1919 11055 2011 2012 1936 11716 2012 27 A. Currency B. Money market mutual fund shares C. Saving account deposits D. Money market deposit accounts E. Demand and checkable deposits F. Small-denomination time deposits G. Traveler's checks H. 3-month Treasury bills 2009 920 676 5,600 1,200 1,000 2010 930 677 840 5,880 2011 2012 936 941 675 684 6,068 6,205 1,231 1,260 1,315 972 980 993 871 1,133 1,576 4 3 2 1,996 2,384 2,446 2,512
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