Real-Time Data Analysis Exercise*
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using data from the St. Louis Federal Reserve, analyze the relationship between changes in M2 and inflation. M2SL is the Series ID for the M2 money supply. CPIAUCSL is the Series ID for the Consumer Price Index. Click the following link to view the M2 money supply data from FRED.
(i) Using the Series IDs M2SL and CPIAUCSL, plot the annual percent change in M2 and annual inflation from 1960 to the present.
(i) The change in the M2 money supply for 2014 (shown as 2014-01-01 in FRED) was %. (Round your response to two decimal places.) The inflation rate for 1993 (shown as 1993-01-01 in FRED) was %. (Round your response to two decimal places.)
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