ECON 310 009 Money & Banking J. Scott Sperling
Homework Assignment 2
Due: February 14, 2002
1. From the 2001 Economic Report of the President,1graph the following annual series
from the years 1970 through 1999.
•Nominal GDP
•Real GDP
•M1, M2, and M3
Graph all of the series on the same graph.
2. Describe any relationship you see among the monetary aggregates.
3. Describe any relationship you see between the monetary aggregates and nominal
GDP.
4. Describe any relationship you see between the monetary aggregates and real GDP.
1You can find the Economic Report of the President on the Government Printing Office web site,
http://www.gpo.gov (or search for “economic report of the president” on a search engine) or you can
probably find a print copy in Fenwick Library.