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%