alculate the output gap as100ln(GDPC1/GDPPOT). Calculate the annual change ofconsumer prices as100ln(JCXFE/JCXFE).Note that the federal funds rate datatt-4must be converted from a monthly series to a quarterly series. Use the tools on FRED to doso by changing the "Frequency" to quarterly from monthly, and by selecting the aggregationmethod "average."Plot both the Taylor Rule and the federal funds rate in the same graph, and submit in yourreport. [You will probably find it easier to download the data from FRED and then create andplot the Taylor Rule and the federal funds rate in Excel