Frequency: Quartey :ohsewaonjale Effective Federal Funds Rate (Percent). Level, Percent 2017-01-01 0.79 2017-04-01 1.04 2017-07-01 1.15 2017-10-01 1.30 2018-01-01 1.51 2018-04-01. 1.82 2018-07-01 _ 1.95 2018-10-01 2.27 2019-01-01 2.41 2019-0401 2.38 201907-01 2.04 20194301 1.55 2020-01-01 0.65 2020-04-01 0.08 2020-07-01 0.09 2020-10-01 0.09 2021-01-01 0.07 2021-04-01 0.08 ination rate 0.7907369629848110 0.5435177057500180 0.3966156913806910- 0.3706296362620260 0.8861 183797828000 1.0330755668451100- 0.112726756775751 10 4.0574947362577725 0.3351 160342574930" 1.1985132267461000 0.2741660078433930 0.2130179974229810 0.4194274219471020 0.5400354172367320 1.1314853746528500 0.2299502501507060 1.0731 144002427500 2.3397886944835300 Problem 3 [To be discussed in class] Monetary policy in the Comid real gdp (in 2012 usd} 17896623 17996302 18126226 18296685 18436262 18590004 18679589 18721281 18833195 18982528 19112653 19202310 18951992 17258205 18560774 18767778 19055655 19368.310 Please nd the excel that includes quarterly nominal interest rate (Fed fund rate), ination and real GDP of US from 2017. Given the data, please describe the pattern 01" the Fed fund rate since the break of the Covid-IQ. Do you think the data pattern is consistent with the theory you learned? Could you see an IS curve in the data? If not= could you consider Why the data does not support our theory