Investigating Political Business Cycles. Use the Web site for the Federal Reserve Bank of St. Louis (www.research.stlouisfed.org/fred2) to find quarterly unemployment rates for 1971–1972 and...

Investigating Political Business Cycles. Use the Web site for the Federal Reserve Bank of St. Louis (www.research.stlouisfed.org/fred2) to find quarterly unemployment rates for 1971–1972 and 1979–1980. Richard Nixon ran the reelection campaign in 1972 and Jimmy Carter planned for his reelection bid in the late 1970s. Use the unemployment rates to explore the goals these presidential candidates may have wanted to achieve. Which monetary and fiscal policies were likely to have been used to achieve these goals?