1.How can bank behavior and the Fed’s behavior cause money supply growth to be procyclical (rising in booms and falling in recessions)? 2. Why might the Fed say that it wants to control the money...

1.How can bank behavior and the Fed’s behavior cause money supply growth to be procyclical (rising in booms and falling in recessions)? 2. Why might the Fed say that it wants to control the money supply but in reality not be serious about doing so?

2. When the euro appreciates, are you more likely to drink California or French wine?