Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Exercise 5

Is there today in real terms more U.S. currency outstanding per capita than 30 years ago To answer this question, go to http://research.stlouisfed.org/fred2 and get the data in order to fill in the first three columns of the table. To get the currency data, click on "Categories," under "Money, Banking, Finance" select "Monetary Data," then on "M1 and Components," and on "CURRNS." Population can be found under "Population, Employment, Labor Markets" and CPI data can be found under "Prices" then "Consumer Price Indexes (CPI and PCE)."