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FF - the federal funds rate PCE INF = PCE inflation PCE CORE = the core rate of PCE inflation GDP = real GDP GDP

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FF - the federal funds rate PCE INF = PCE inflation PCE CORE = the core rate of PCE inflation GDP = real GDP GDP POT = potential GDP UR = the unemployment rate GDP and PCE inflation table DATES FF PCE INF PCE CORE GDP GDP POT 1974-04-01 11.25 10.0 7.1 5425.4 5404.6 5.2 1974-07-01 12.09 11.0 8.7 5372.8 5455.0 5.6 1974-10-01 9.35 11.5 9.9 5351.4 5505.2 6.6 1975-01-01 6.30 10.3 10.1 5286.7 5554.2 8.3 1975-04-01 5.42 8.6 9.1 5327.4 5601.5 8.9 1975-07-01 6.16 7.8 7.7 5415.5 5648.2 8.5 1975-10-01 5.41 6.8 6.8 5488.5 5694.4 8.3 1976-01-01 4.83 5.0 6.3 5612.4 5739.8 7.7 1976-04-01 5.20 5.6 6.0 5654.8 5784.9 7.6 1976-07-01 5.28 5.2 6.0 5683.6 5830.4 7.7 1976-10-01 4.87 5.1 6.0 5726.2 5876.9 7.8 1977-01-01 4.66 5.8 6.1 5792.9 5925.7 7.5 1977-04-01 5.16 6.8 6.5 5906.6 5976.7 1977-07-01 5.82 6.8 6.6 6011.1 6029.3 6.9 1977-10-01 6.51 6.6 6.5 6011.7 6083.6 6.7 1978-01-01 6.76 6.5 6.4 6032.6 6140.0 6.3 1978-04-01 7.28 6.8 6.6 6267.2 6199.7 6.0 1978-07-01 8.10 7.1 6.7 6328.5 6259.8 6.0 1978-10-01 9.58 7.6 7.0 6413.3 6319.5 5.9 1979-01-01 10.07 7.8 6.8 6426.1 6377.2 5.9 We are using data from 1976-07-01 to answer this

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