How are these monetary aggregates constructed? There's no real logic. It's just a list that has been built over time. From the ones more demanded to the ones less demanded From the ones that exist the most in the economy, to the ones that exist the least. From the most liquid to the most illiquid

How are these monetary aggregates constructed? There's no real logic. It's just a list that has been built over time. From the ones more demanded to the ones less demanded From the ones that exist the most in the economy, to the ones that exist the least. From the most liquid to the most illiquid

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter25: Money, Banking, And The Federal Reserve System

Section: Chapter Questions

Problem 24P

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Question

In class, we talked about hot to measure money.
We talked about the different types:
M1, M2, ..... Mwhatevernumber
How are these monetary aggregates constructed?
There's no real logic. It's just a list that has been built over time.
From the ones more demanded to the ones less demanded
From the ones that exist the most in the economy, to the ones that exist the least.
From the most liquid to the most illiquid

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