Your assignment (should you choose to accept it) is to perform a little real-world research on what we've been learning over the past few weeks. You are going to have to do some searching around (searching around will entail more than a couple minutes of searching...plan on a minimum of at least an hour or two of browsing) to help answer the following questions. The research you will have to perform is open to any source, so long as it is reputable. Government releases would probably be the best sources, but other sources can work so long as they refer to the GVT releases. The textbook gives you ideas as to who actually releases this data. MAKE SURE YOU TELL ME YOUR SOURCE OF THE DATA!!!!! I've given you some hints in the questions to see if you're in the ballpark with your data.

 

 

 

1. What was the overall CPI (often labeled as 'CPI-U' or 'All Urban Consumers (Current Series)' ) for March of this year? So everyone hopefully reports the same thing, Do not use seasonally adjusted numbers. To help you out, the CPI for February of 2017 was 243.603 (if you find the table with that, then you have the proper data). Using these numbers that you are reporting, find out (by calculating) the overall inflation rate for the month of March.  NOTE: The organization responsible for publishing this is in the middle of changing their site (and, ultimately, their reporting) around. The easiest way to find this data is to read the announcements at their CPI "home" page and click on their databases link. From there, you'll want to click on the "tables" link and search through the data in the detailed report. I normally don't give that much help on trying to find it, but they've made things a little more difficult to find, so I'm helping you out a bit.

 

2. Find the Gross Domestic Product for each of the last three quarters of 2016 and report it. Which components (focus only on Consumption, Investment, Government spending, and Net Exports) have increased from period 2 to 3 and from 3 to 4? Which have decreased? NOTE: AGAIN, focus ONLY on the 4 main components; I don't want you to give me a long list of what's going on within consumption, investment, etc...just the four main components, please. I will take points off if you do give me a laundry list of items other than C, I, G, and NX Be careful here...if you say something like "Consumption in the first quarter was 4%", that makes no sense at all (though around 25-30% of the papers historically have that kind of information in it). Also, make sure you give me data that reflects production...not potential inflation. FYI, real GDP is typically given in what they call chained 2009 dollars (basically, 2009 is considered the base year...you don't have to calculate real GDP...it's given to you in most places). Calculate and give the GDP deflators for THE LAST THREE QUARTERS OF 2016. Don't try to find this number...it's often not what it appears. As a hint to see if you have good data, nominal GDP for the first quarter of 2016 was about $18,281.6 billion (that's $18,281,600,000,000...nearly $18.3 trillion!).

 

3. Find out what the Federal Open Market Committee decided on during their scheduled March 2017 meeting regarding the Federal Funds Rate. As a hint, the FFR "target range" in January of 2012 was 0.00-0.25%. All I want is information on the FFR...nothing else.

 

 

You can just quickly answer the first three questions in bullet format if you prefer. For the last question, however, I want you to go fairly in-depth. I do not want two- or three-word answers â come up with some paragraphs here for your answer.

 

 

 

4. I want you to put yourself in Janet Yellen's position as Chair of the Federal Reserve. In question 3, you let me know what the Fed's decision was. For this question, give me reasons as to why the Fed decided to raise, lower, or maintain the Federal Funds Rate and/or the Discount Rate (known as the Primary Credit Rate in the statement/minutes). I'm not looking for a repeat of of question three...I want you "in the FOMC meeting", and I want to know what helped you make that decision that they reached. Be specific...give me actual items/data/reports to look at, what these items tell you, AND why you would use that data to help you make your decision. If you simply say that you would raise or lower rates, no points will be assessed (I say this every semester, and people still do that very thing). A decent example might be something like: "The data on Personal consumption expenditures ('C' in the GDP equation) shows that, while still increasing, it has slowed down a little from the previous quarter." Obviously, you cannot use that one; in fact, you must give at least three items/data/reports, and you cannot use Real or Nominal GDP/Output as one of them, nor can you use C (personal consumption expenditures), I (private expenditures for business equipment and intellectual property), G (government purchases), or NX (net exports...nope...can't use X or M either). Note: there are numerous "sub-components" within C, I, G, and NX that you can use...you just can't use the primary ones. Include the variable, the data or trend of that variable, and what it tells you about the economy.

 

Your paper should not go over 3 pages...if you use a graph (you really don't need one for this paper), I'll allow you to spill over into a third page. Do not simply quote stuff from the sites...put it in your own words (Be careful about this...punishment could include an assignment of 'F' for the course and forwarding to the school administration for further inquiry). I put it in caps before, but I'm going to say it again: MAKE SURE YOU TELL ME YOUR SOURCE OF THE DATA!!!!!

SuperTutor

(15)

Status NEW Posted 03 May 2017 07:05 AM My Price 12.00

-----------

Attachments

file 1493796673-Solutions file.docx preview (56 words )

S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e. ----------- H-----------YPE-----------RLI-----------NK -----------&qu-----------ot;-----------htt-----------p:/-----------/wo-----------rkb-----------ank-----------247-----------.co-----------m/&-----------quo-----------t; -----------\t -----------&qu-----------ot;-----------_bl-----------ank-----------&qu-----------ot;----------- -----------Tha-----------nk -----------you----------- -----------

Not Rated(0)

• Buy Answer