1. Data Question :Business cycle facts For this Question , you will need to download data from "FRED " (Federal Reserve Economic Data ") maintained by the Federal Reserve Bank of Saint Luis . The website is https :/ /research.stlouisfed.org / fred2 / (of course , you can also google "FRED "). Down - load Series for: i. Real Gross Domestic Product (GDPCA) i1' Real Personal consumption expenditures (DPCERXlAOZONBEA ) iii. Real Gross Private Domestic Investment (GPDICA ) from 1960 to 2014. You can find these series by searching for them in the search bar in the home page . Make sure to download Annual , Not Seasonally Adjusted series .Ihave included the series codes in parenthesis to make sure you can download the correct series . i. Using Excel, compute the annual growth rate of real GDP, real Consumption and real investment for each year. ii. Make a line chart with the years on the x-axis and the growth rate of GDP, consump- tion , and investment in the y-axis . Report the chart iii. Use the graph to answer the following questions (a) Are consumption and investment pro -cyclical , counter cyclical or neither ? (b) Do consumption and investment have a phase shift ? (c) Is consumption more or less volatile than GDP ? Is investment more or less volatile than GDP ? 2. Data Question 11: Quantity theory of money For this Question you will use data from the World Development Indicators (WDI) collected by the World Bank. I have already downloaded the series you will need for this exercise and posted them as a resource in C-tools. The spreadsheet in C-tools contains data on the money supply and the CPI for 2004 and , 2013 2014 , for the 94 countries in which this data is available in the WDI