1. Data Question : Business cycle facts For this Question , you will need to download data from "FRED " (Federal Reserve Eco- nomic Data ") maintained by the Federal Reserve Bank of Saint Louis . The website is https :/ / research .stlouisfed .org / fred2 / (of course , you can also google "FRED "). Down - load the series for : i. Real Gross Domestic Product (GDPCA) ii. Real Personal consumption expenditures (PCECCA ) 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 . I have included the series codes in parentheses 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 . Include the chart as part of the assignment 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