K Many of the topics you will study in economics can be represented graphically. Some questions may require you to graph shapes and then label those shapes or points on those shapes using drawing tools. This simple graph has whole-number values on an X-Axis and a Y-Axis. To access the tool palette used to draw your answer to the question, click anywhere inside of the graph. Roll your mouse over the tool buttons to read the labels to see what each one does. You can draw any number of objects on the graph. Go ahead and try drawing some objects. When you're finished practicing, click the Clear button on the tool palette to empty the graph. Whenever you answer a graph question, be sure to read the question carefully and draw only the objects required. Instruction: Use the rectangle drawing tool to draw a rectangle anywhere on the graph. Carefully follow the instructions above, and only draw the required objects. instructor Selected: none C 30- 25- 20- Y-Axis 15- 10- 5- 0- TO 0 -5 10 15 X-Axis 20 -20 Delete Clear ? 25 30 -0 Clear all Check answer Real-Time Data Analysis Exercise This tutorial will introduce you to real-time data exercises in MyEconLab. A real-time data exercise gathers live data from the Federal Reserve Bank of St. Louis Economic research website (FRED). The data that you work with in the exercise is the most up to date data available. These exercises also intend to expose you to some of the economics research tools available on the web. Since there is data for lots of economic variables on FRED, you have to be careful and make sure you are using the correct data series. It is essential to carefully follow the instructions provided in the exercise. Copying the data from the FRED website and pasting it in MyEconLab works well to answer the data related questions. Other helpful features in MyEconLab. This icon appears on the top right corner of graphs and is used to make the graph bigger. After clicking this icon, click the "Maximize" button on the top right corner of the graph window that comes up. This new expanded size of the graph is particularly helpful for a detailed analysis of the graph. Often times, you will notice the following icons within MyEconLab exercises: These icons are there to provide you with additional information that may be of help while working through the exercise. Sometimes, the information is displayed when you move the mouse over these icons. Other times, you have to click the icons to display the information. Go ahead and work through the real time data exercise below to get an idea of how it works. Click the following link to view CPI data from FRED*. Then use that data to answer the following questions. Using the data from FRED, answer the following questions. The series Id for these CPI data is CPIAUCSL This is monthly data that has been seasonally adjusted. From the FRED website, find the values to enter below. (hint: hovering over the curve in FRED will show the date and value as a tool tip) The CPI for November of 2022 (shown as 2022-11-01 in FRED) was The CPI for November of 2023 (shown as 2023-11-01 in FRED) was (Enter the values exactly as they appear in FRED.) U.S. CPI Data E 300. C Nov-03 Nov-07 Nov-11 Month and Year Nov-15 Nov-19 Nov-23 eal-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Clear all Check answer