The M1 and M2 aggregates
A)have moved very closely together since 1960.
B)have moved broadly together since 1960.
C)have moved significantly differently during certain periods since 1960.
D)have moved broadly together but have also moved very differently during certain periods since 1960.

Question

Quizplus · Accepted Answer

While the M1 and M2 aggregates have generally moved in the same direction since 1960, there have been certain periods where their movements have diverged significantly. For example, during the early 1980s, M1 grew very rapidly while M2 did not, and in the early 2000s, M2 grew much more quickly than M1. Therefore, D is the best choice as it reflects both the general trend and the periods of divergence between M1 and M2.

The M1 and M2 Aggregates