Examine nominal GDP (FRED code: GDP) by repeating the steps in Data Exploration Problem 3. Based on the figure showing percent change from a year ago, what was special about the behavior of nominal GDP during the financial crisis of 2007-2009 compared to previous decades?
Answer to relevant QuestionsPlot on one figure the percent change from a year ago of both the GDP deflator (FRED code: GDPDEF) and real GDP (FRED code: GDPC1). How does the GDP deflator link nominal and real GDP? Since the mid-1980s, does it fluctuate ...You receive a check drawn on another bank and deposit it into your checking account. Even though this is a “demand deposit” the funds are not immediately available for your use. Why? Would your answer change if the check ...Could the dollar still function as the unit of account in a totally cashless society?Whichusually grows faster: M1 or M2? Produce a graph showing M2 divided by M1. When this ratio rises, M2 outpaces M1, and vice versa. What is the long-run pattern? Is the pattern stable? Everything else being equal, which would be more valuable to you – a derivative instrument whose value is derived from an underlying instrument with a very volatile price history or one derived from an underlying ...
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