Macroeconomic Data

The US government and the Federal Reserve is a great source for economic data. The Federal Reserve site below will allow you to create graphs using data from the government.

Create a graph that includes a measure of money such as M1 or M2, consumer price index, unemployment rate, and growth in real gross domestic product over time. Put time on the horizontal axis of your graph and the other variables on the vertical axis.

You should be creating only one graph. Use monthly data or quarterly that covers a time period of at least five years, with 2021 as the most current year. Save your graph as a picture and insert into a Word file (.docx).

Write an essay in which youEvaluate the currrent state of the economy based upon the data in your chart.Prescribe an appropriate monetary policy for the economy.

Explain why you selected the policy and how it will improve the economy.

State at least one assumption that underlies how effective monetary policy will be.