The initial money supply data reported by the Fed are not a reliable guide to short-run movements in the money supply such as a ________,but are reasonably reliable for longer periods such as a ________.

Question

Quizplus · Accepted Answer

The initial money supply data reported by the Fed are subject to revision in the short-run, such as daily or even monthly fluctuations. However, over longer periods, such as a year or more, these revisions tend to even out and the initial data becomes more reliable. Therefore, choice A is the best answer as it reflects this distinction between short-run and long-run movements in the money supply.

The Initial Money Supply Data Reported by the Fed Are