3. Plot a graph of quarterly data for real CDP and fullemployment CDP from 1970 to the...
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3. Plot a graph of quarterly data for real CDP and fullemployment CDP from 1970 to the present. (In the FRED database, full-employment CDP is called Real Potential CDP.) Which variable is "smoother"? Can you pick out the dates of recessions (1953-1954, 1957-1958, 1960-1961, 1969-1970, 1973-1975, 1980, 1981-1982, 1990-1991, and 2001) on the graph?
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