The Following Two Graphs Give You a Plot of the United

question 6

Essay

The following two graphs give you a plot of the United States aggregate unemployment
rate for the sample period 1962:I to 1999:IV, and the (log)level of real United States
GDP for the sample period 1962:I to 1995:IV.You want test for stationarity in both
cases.Indicate whether or not you should include a time trend in your Augmented
Dickey-Fuller test and why. United States Unemployment Rate


United States Real GDP (in logarithms)

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Definitions:

African-American

Pertaining to Americans of African ancestry; also, can refer to cultural, historical, and social attributes of this group.

Traffic Light

A device typically positioned at road intersections and pedestrian crossings to manage traffic flow by using a visual signaling system consisting of red, yellow, and green lights.

Strategies

Plans of action designed to achieve a long-term or overall aim.

Quarterly Sales

The total revenue or volume of sales achieved by a business within a three-month period.