The purpose of this assignment is to test the theory against the data. Get the following series from the St. Louis Federal Reserve Bank FRED database from April 2002 to December 2019 (the first two are provided in monthly frequency and the last two in quarters, we will adjust for that): - Real Personal Consumption Expenditures: Nondurable Goods (PCENDC96) - Real Personal Consumption Expenditures: Durable Goods (PCEDGC96) - Real Personal Consumption Expenditures: Services (PCESVC96) - Real Gross Domestic Product (GDPC1) These series are in levels (i.e. in dollars) but our interest is in their volatility (ups and downs) so we will calculate their implied annualized growth rate (percentage change from data point to data point equivalent to a year's worth of growth --- in FRED change the Units to Compounded Annual Rate of Change in EDIT GRAPH) and plot each of the consumption series separately against real GDP. GDP has to be in each of the three graphs. Your work has to have: - Introduction (what is the question that you are addressing, for example, how much consumption smoothing can we find in the data? Which types of consumption exhibit more of it? ---25 points) - Narrative (a description of how you are addressing it ---50 points) - Conclusion (what do you learn from the exercise and also ties together the two parts above ---25 points)