Word: m2
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Dates: during 1980-1989
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...Lehman Hall, two units in room M2 available 8 a.m. to 11 p.m. weekdays: four units in room B3 hours to be announced...
...headroom for expansion and no prospect of revived inflation for quite a long stretch ahead." Heller points out that wage costs, a central element of inflation, are still declining. Harvard Economist Otto Eckstein challenges the common assumption that the money supply is expanding too fast. He notes that M2 and M3, two broader measures of money that include various types of savings accounts, are growing within their target ranges. The narrower M1 figures, he adds, may have been distorted by the swift flow of money into new kinds of interest-bearing checking deposits like the so-called Super-NOW accounts...
...annual rate of 13.5%, to $508.5 billion, fueling fears that the Federal Reserve will soon have to clamp down, sending interest rates back up. Federal Reserve officials have been arguing that the increase in the M1 figure was an aberration and that the broader-based statistics for money growth, M2 and M3, showed that the Federal Reserve still has the money supply under control. Figures released last week showed that M1 is growing faster than the goal set by the Federal Reserve but that M2 is still within target...
...basically responsible for nothing more arcane than seeing to it that money and credit remain plentiful enough to keep the economy expanding without causing runaway inflation. Although there are many ways of measuring money M1, M2, M-3 - the bank monitors its success by focusing on M1, which includes the amount of currency in circulation at a given time as well as deposits in all kinds of checking accounts. Those are the funds most readily avail able for actual spending. Other monetary measurements, including M-2 and M3, expand the definition to embrace additional kinds of deposits like savings accounts...
...saga of the Army's M2 and M3 Infantry Fighting Vehicle (IFV) systems illustrates how costs can escalate out of control. "It is a horror story of the worst kind," says Major General Herbert McChrystal Jr., retired, who was an Army director of planning. The original plans, drawn up in 1972, envisioned an armored personnel carrier costing $400,000. As soon as development began, the Army review committee, a constantly changing board of top Pentagon staffers, began reconsidering exactly what jobs the vehicle should do. Should troops fight from the vehicle or get out? Should there be gun ports...