Reviewing the cpi and other data and unemployment

Assignment Help Microeconomics

Reference no: EM133552625

Question: The Federal Reserve's mandate from Congress is to control inflation and to maintain low unemployment. These seem to be contradictory objectives.

For this story you will need to source the following data for the last 25 years;

The Consumer Price Index (CPI) (Bureau of Labor Statistics)
The FED Funds Rate (FRED) (Federal Reserve Board)
Unemployment Rate (Bureau of Labor Statistics)

Your Data Visualizations should be designed to answer the question "Has the FED been able to fulfill the mandate given to it by Congress?"

Remember, the FED raises rate after reviewing the CPI and other data and unemployment (layoffs) occur after company operating costs go up.
Use R Code to find the solution and provide a brief summary.

You shoud use data through available APIs using code that you develop

Reference no: EM133552625

Questions Cloud

Explain what makes homo erectus : Explain what makes Homo erectus a significantly different hominin than his/her predecessors. What did she/he accomplish, and how did this set the path

Example of an approximate age the an event happening : Create example of an approximate age the an event happening? Provide examples of what a crisis looks like for different age groups?

What are some current innovations in textiles : What are some current innovations in textiles (natural or synthetic) and possible ones in the future? Describe at least one innovation.

What will happen to money demand : What will happen to money demand, the money supply, interest rates, the supply and demand for loanable funds, the supply and demand for bonds, and bond prices

Reviewing the cpi and other data and unemployment : Reviewing the CPI and other data and unemployment (layoffs) occur after company operating costs go up. Use R Code to find the solution and provide

What is the current market price : You are purchasing a 20-year, zero-coupon bond. The yield to maturity is 8.68 percent and the face value is $1,000. What is the current market price

Prepare the reader or listener for beowulf second fight : Explain how the details about this setting described in the answer to part A prepare the reader or listener for Beowulf's second fight with a dragon.

Explaining the concept of extinction : Explaining the concept of extinction. Be sure to explain how extinction relates to the presence or absence of reinforcement in your definition.

Gdp per capita as your explanatory variable : Use R to run a simple OLS regression with the natural log of CO2 as your dependent variable and the natural log of real GDP per capita as your explanatory

User Account

All Pages