Plot the ratio of aggregate consumption to GDP. Comment on the features of your time series plot.

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Plot the ratio of aggregate consumption to GDP. Comment on the features of your time series plot. What principle of consumption behavior helps to explain what you see?


Answer this question using the Federal Reserve Bank of St. Louis’s FRED database, accessible at http://research.stlouisfed.org/fred2/

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Related Book For  answer-question

Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

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