Plot the percent change from a year ago of the Dow Jones Industrial Average (FRED code: DJIA).

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Plot the percent change from a year ago of the Dow Jones Industrial Average (FRED code: DJIA). Discuss the behavior of changes in the average before, during, and after recession periods, which are indicated by the vertical, shaded bars on the graph.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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