Question: Using data given on the nominal money supply, nominal interest rates, the consumer price index, and inflation rates, to compute the current real stock of money (for M2 only) in the US and real interest rates for each of the ten years.
| M2 Money Stock in Billions of Dollars |
Prime Rate in % |
US Consumer Price Index |
US Inflation Rate in % |
|
|
|
|
| 4,384 |
8.35 |
163.9 |
1.6 |
| 4,649 |
8 |
168.3 |
2.7 |
| 4,931 |
9.23 |
174 |
3.4 |
| 5,451 |
6.91 |
176.7 |
1.6 |
| 5,801 |
4.67 |
180.9 |
2.4 |
| 6062 |
4.12 |
184.3 |
1.9 |
| 6422 |
4.34 |
190.3 |
3.3 |
| 6692 |
6.19 |
196.3 |
3.4 |
| 7036 |
7.96 |
201.8 |
2.5 |
| 7447 |
8.05 |
210.036 |
4.1 |