1. [7 points.] This question will require that you use the FRED database. The link is posted on Canvas. Your goals is to obtain ONE figure with two time series: Investment and Savings. The investment series was used in HW1. Both series should be in levels (1.e. do not change the units). To obtain Savings, the definition of National Savings (as we discussed in lecture) must be used. This implies that you will need to use the "customize" the data feature in FRED; in this case, the formula is a little different (not ratios), but the process of obtaining "S" involves customizing. The investment series should NOT be customized. Both series MUST be plotted on the same figure to receive full credit.Data characteristics: Use data from 1970 to the present; seasonally adjusted; and at quarterly frequency. (these are the same characteristics as used in HW1). NOTE: check carefully that you use QUARTERLY data; all the data you need are available from 1947 onward, so obtaining the figure is feasible. Data: To obtain all data requires that you search for the following data using the exact title. When adding series it may help to write in "quarterly" so that FRED pulls up the quarterly data & not monthly. The following series are needed to complete the figure (along with the formula for National Savings): "Real Gross Private Domestic Investment", "Real Gross Domestic Product", "Real Personal Consumption Expenditures", and "real government consumption expenditures and gross investment" (use these terms exactly, and then check that the data is as described above: seasonally adjusted, real, quarterly, etc.). Discussion: provide a discussion of the data (what you observe across time) in both Figures. Try to engage with the data, discussing how the series change over time (are they rising, or falling, or fairly stable within some range, etc.). Try to discuss how the data changes in recessions vs. expansions if possible. Compare the series. Discuss the past as well as the last few quarters; incorporate specific numerical values into your narrative (see answer key to HW1 for an example). The goal is to describe the data as you see it in the diagram; you don't need to explain any events that may have caused the movements. Must be 150 to