1) EXPLORING SOME UNITED LACROECONOMIC TIME SERIES DATA PART ONE G...

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1) EXPLORING SOME UNITED LACROECONOMIC TIME SERIES DATA PART ONE GDP = Select first resalt which will tothe home page for the "Federal Reserve Ecomomic Data FRED|St Louis Fed". ii) h the search bar mear home page search FRED for "gdp". iv) the list fresults tick bosos for: "Billions< Not Seasonally Adjusted 1929 2016 (under Real Gross and "Billions Dollars, Annual, Adjusted (under Gross Domeatic Product) v)Now plot thase the "Add to Graph button Dowaload sheets along with Qi) Which faster over this sample and why? Qii) which each and why? Qiii) Which time series exhibit greater volatility and why? Qiv) The plot "bars" indicate United States (NBER many U.S. recessions has there beem since since Qvi) When the U.S. since What the U.S since PART TWO retura FRED for All Urben Aug 2017 Qi) By the FRED graphing page CPI any ob Jan 1913 Qii) From your answer Qi) above what the AVERAGE annual inflation 1913 to Economy Qiii) Now AVERAGE annual inflation the U.S. Ecomomy. What can say about early U.S. corapared decades? Qiv) According vertical "recession bars this graph. when were longest lomgest recessions i Economy? Qvi) There U.S. Price Level ia June 1920 What was the inflation peak? Was this significant? What explamation inflation Qvii) There July F2008. What Compare "significant"? What explamation can this inflation episode? PART THREE ) returm the search bar search FRED for Rate tick the bos Seasonally Aug 2017 and "Add to iii) Download with your questions, Qi) Do you see U.S. Qüi) According this Qiii) shocks" for this Wime, Pop. Pizza. Quantities (Q) indicate Using calculate Pizza have Now above those d) Jaing 2011 2012 e) Using sumer basket calculate inflation for and the implied 3) Suppose this seventy people employ- ment. five at a) What the unemployment this b) What is the labour force participation rate c) Il people who actively seeking employment find jobs, what happens tothe d) the five people the rate

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Qi) In the series, the real gross domestic product seems to grow more faster than the gross domestic product and this is because the real GDP is a chained dollar estimated computed by multiplying the current dollar value in 2009 by a corresponding quantity index number and then dividing it by 100 which will enable us to calculate percentage changes in GDP over time.

Qii) The two time series cross over in the year 2009 and this is because the chained series are calculated using the 2009 chained dollar estimates and hence they would be equal in that year....

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