Go to the St. Louis Federal Reserve FRED database, and find data on civilian employment (CE16OV) and

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Go to the St. Louis Federal Reserve FRED database, and find data on civilian employment (CE16OV) and the personal consumption expenditure price index (PCEPI). For both series, change the Units setting to “Percent Change from Year Ago.”

a) Report the inflation rate and the growth rate in employment for the most recent period.

b) At the end of the last recession, what were the inflation rate and the employment growth rate?

c) Based on your answers to parts (a) and (b), do the data support or refute the real business cycle model? Briefly explain.

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 20, 2024 04:00 AM

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Go to the St. Louis Federal Reserve FRED database, and find data on civilian employment (CE16OV) and

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Macroeconomics Policy And Practice

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