Question

1)Between the week ending 8/18/20 and the week ending 12/15/20 the money supply (stock of M1)...

1)Between the week ending 8/18/20 and the week ending 12/15/20 the money supply (stock of M1) in the economy increased by over $1 trillion-true or false

2)Between the week ending 2/3/20 and the week ending 7/6/20 the money supply (stock of M1) in the economy increased by over $1 trillion-ture or false

3)Between the end of February, 2020 and the end of May, 2020 Commercial and Industrial Loans, made by all commercial banks increased from $2.3 trillion to $4.05 trillion

4)Between the end of February, 2020 and the end of June, 2020 Commercial and Industrial Loans, made by all commercial banks declined due to the current economic recession

Homework Answers

Answer #1

We will be using St Louis Fred data to answer these questions.

1. False.

The weeks ending 8/18/20 and ending 12/15/20 havent even happened yet. Hence, the current statement is false.

2. True.

The M1 money supply at week ending 2/3/20 was 4078.6Billion while at week ending 7/6/20, it was 5202.8. So the increase was 5202.8-4078.6= 1124.2B, or 1.1242 Trillion.

3. False.

End of February, 2020 Commercial and Industrial Loans were 2581B, End of May, 2020 Commercial and Industrial Loans were 5013B.

4. False.

The loans are declining, but are not yet below Feb 2020 levels.

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