macroeconomics 10th Ed. textbook- university level question from chapter 2

- Chapter 2, question 1 - Variables: - Consumption: Real Personal Consumption Expenditures (PCECC96) - Investment: Real Gross Private Domestic investment (GPDIC1) - Government: Real Government Consumption Expenditures \& Gross Investment (GCEC1) - Net Exports: Do not use this variable, since it is much smaller than the others. - Real GDP: Real Gross Domestic Product, 1 Decimal (GDPC1) - Notice that the question asks for two graphs. - Textbook asks to plot the data since 1947, Instead, plot the data since 1965. This will make the graph easier to read. - Answer the following questions (some come from the book): - Do you see any significant trends over the long run? On your opinion, what are the reasons for these trends? - How do these variables behave during recessions? What are the reasons for these trends? - Chapter 2, question 1 - Variables: - Consumption: Real Personal Consumption Expenditures (PCECC96) - Investment: Real Gross Private Domestic investment (GPDIC1) - Government: Real Government Consumption Expenditures \& Gross Investment (GCEC1) - Net Exports: Do not use this variable, since it is much smaller than the others. - Real GDP: Real Gross Domestic Product, 1 Decimal (GDPC1) - Notice that the question asks for two graphs. - Textbook asks to plot the data since 1947, Instead, plot the data since 1965. This will make the graph easier to read. - Answer the following questions (some come from the book): - Do you see any significant trends over the long run? On your opinion, what are the reasons for these trends? - How do these variables behave during recessions? What are the reasons for these trends