Individual Paper Assignment #2

In this assignment, you will access the FRED (Federal Reserve Bank of St. Louis) database.

1. explain what graph shows ?

2. How inflation, GDP and CPI are related?

Figure. 1 Unemployment

FRED - Consumer Price Index for All Urban Consumers: All Items in U.S. City Average 280 240 200 160 Index 1982-1984=100 120 80 40 0 2010 2015 2020 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.stlouisfed.orgFRED ~ - Real Gross Domestic Product 20,000 18,000 16,000 14,000 12,000 Billions of Chained 2012 Dollars 10,000 8,000 6,000 4,000 2,000 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Economic Analysis fred.stlouisfed.orgFRED ~ - Unemployment Rate 10 CO Percent 6 A 3 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org