Real-Time Data Analysis Exercise*"Real-time data provided by Federal Reserve Economic Data (FRED), FederalReserve Bank of Saint Louis.Using data from the St. Louis Federal Reserve, analyze the effects of a positivesupply shock.The U.S. economy experienced a supply shock with the spread of informationcommunication technology and the Internet after 1995.Click the following link to view the Personal Consumption Expenditure price indexdata from FRED. iP1Using the Series ID PCEPI, plot the the inflation rate from 1982 to 2007 as thepercentage change in the Personal Consumption Expenditure price index from thesame month in the previous year.Price levelAS QCThe inflation rate for April of 2024 (shown as 2024-04-01 in FRED) was(Round your answer to two decimal places.)%.ADY₁OutputThe inflation rate for October of 1984 (shown as 1984-10-01 in FRED) was %.(Round your answer to two decimal places.)

The proliferation of information technology after 1995 is considered a positive supply shock, which…

Answered: Real-Time Data Analysis Exercise*…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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