M1: M1 is a metric for the money supply of a country and includes physical money both paper and

coin as well as checking accounts, demand deposits and negotiable order of withdrawal (NOW)
accounts. The most liquid portions of the money supply are measured by M1 because it contains
currency and assets that can be converted to cash quickly. "Near money" and "near, near money,"
which fall under M2 and M3, cannot be converted to currency as quickly.

M2: M2 is a measure of the money supply that includes all elements of M1 as well as "near money."
M1 includes cash and checking deposits, while near money refers to savings deposits, money
market securities, mutual funds and other time deposits. These assets are less liquid than M1 and not
as suitable as exchange mediums, but they can be quickly converted into cash or checking deposits.

M3: M3 is a measure of the money supply that includes M2 as well as large time deposits, institutional
money market funds, short-term repurchase agreements and other larger liquid assets. The M3
measurement includes assets that are less liquid than other components of the money supply and are
referred to as "near, near money," which are more closely related to the finances of larger financial
institutions and corporations than to those of small businesses and individuals.
 Axis Title

0.1
0.2
0.3
0.4
0.5
0.6

-0.2
-0.1
0
1998Q4
1999Q3
2000Q2
2001Q1
2001Q4
2002Q3
2003Q2
2004Q1
2004Q4
2005Q3
2006Q2
2007Q1
2007Q4
2008Q3
2009Q2
GDP-M1

2010Q1
2010Q4
2011Q3
2012Q2
2013Q1
2013Q4
2014Q3
2015Q2
2016Q1
2016Q4
M1
GDP
Stun1
 Axis Title

0.1
0.2
0.3
0.4
0.5
0.6

-0.1
0
1998Q4
1999Q3
2000Q2
2001Q1
2001Q4
2002Q3
2003Q2
2004Q1
2004Q4
2005Q3
2006Q2
2007Q1
2007Q4
2008Q3
2009Q2
GDP-M2

2010Q1
2010Q4
2011Q3
2012Q2
2013Q1
2013Q4
2014Q3
2015Q2
2016Q1
2016Q4
M2

GDP
Stun1
 0.1
0.2
0.3
0.4
0.5
0.6

-0.1
1998Q1
1998Q4
1999Q3
2000Q2
2001Q1
2001Q4
2002Q3
2003Q2
2004Q1
2004Q4
2005Q3
2006Q2
2007Q1
2007Q4
2008Q3
2009Q2
2010Q1
2010Q4
2011Q3
2012Q2
2013Q1
2013Q4
2014Q3
2015Q2
2016Q1
2016Q4
0
M3

GDP
 0.1
0.2

-0.05

-0.15
0

-0.1
0.15

0.05
1998Q1
1998Q4
1999Q3
2000Q2
2001Q1
2001Q4
2002Q3
2003Q2
2004Q1
2004Q4

GDP
2005Q3
2006Q2
2007Q1
Stun1 2007Q4
2008Q3
2009Q2
2010Q1
GDP-CONSUMPTON

CONS.

2010Q4
2011Q3
2012Q2
2013Q1
2013Q4
2014Q3
2015Q2
2016Q1
2016Q4
 0.1
0.2
0.3

-0.2
-0.1

-0.3
Axis Title
1998Q1

0.1
0.2

-0.25
-0.15
-0.05

-0.2
-0.1
0
0.05
0.15
0.25
1998Q4
1998Q1 1999Q3
1999Q1 2000Q2
2000Q1 2001Q1
2001Q1 2001Q4
2002Q1 2002Q3
2003Q1 2003Q2
2004Q1 2004Q1
2005Q1 2004Q4

GDP
2006Q1 2005Q3
2007Q1 2006Q2
2008Q1 2007Q1
2007Q4
2009Q1 Stun1
2008Q3
GDP-INV.

2010Q1
2009Q2
2011Q1
2010Q1
2012Q1 GDP-NET EXPORT
INV.

2010Q4
2013Q1
2011Q3
2014Q1 2012Q2
2015Q1 2013Q1
2016Q1 2013Q4
2017Q1 2014Q3
2015Q2
2016Q1
2016Q4
NX
GDP
 Axis Title

0.1
0.2

-0.05
0

-0.1
0.05
0.15
1998Q1

-0.06
-0.04
-0.02
0
0.02
0.04
0.06
0.08
1999Q1
1998Q1
2000Q1
1999Q1
2001Q1
2000Q1
2002Q1
2001Q1
2003Q1
2002Q1
2004Q1
2003Q1
2005Q1
2004Q1
2006Q1
2005Q1
2007Q1
2006Q1
2008Q1
2007Q1
2009Q1
2008Q1
2010Q1
2009Q1
2011Q1

GDP-INFLATON
2010Q1
2012Q1
2011Q1
2013Q1
2012Q1
2014Q1
2013Q1
2015Q1
2014Q1
2016Q1
2015Q1
GDP-GOVERMENT EXPENDTURE

2017Q1
2016Q1
2017Q1

GDP
GDP

INFLATON
Seri 2