{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ECO301824 - Not directly money but liquid assets M1 stock...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ECO 302 8/24/11 Money supply, Real GDP, Prices, Money Exchange of one…a medium of exchange Storage of value Yap Stone Money Monetary Definitions: M1 –Currency, checkable deposits, traveler’s checks M2 –M1+, savings accounts, small time deposits, and retail money market mutual funds A broader measure of money, stores of value, harder to get money out of, money market mutuals are from a retail vendor….not a bank
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Not directly money but liquid assets M1 stock has increased at a more volatile but steady rate than currency Logarithmic graphs: same slop -> same growth rate Levels graph: same slope -> same absolute change M1 and M2 Log Graphs, same slope same growth rate Make growth rates comparable look at annual rates Month to month growth rates are much more volatile First quiz this weekend...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern