What was the inflation rate for the period

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Reference no: EM131904336

1. The so-called "M1" money supply includes which of the following?

currency and checking deposits

currency and money markets

currency and time deposits

currency, time deposits and money markets

checking and time deposits

2. If the nominal GDP was reported at $133.2 billion and real GDP was reported at $129.8 billion, what was the inflation rate for the period?

1.59%

1.94%

2.32%

2.62%

2.88%

Reference no: EM131904336

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