Problem
Plot the 12-month percentage growth rates in total real government expenditures and in real government expenditures from 1948 to 2012. Calculate these growth rates from quarterly data. Do you think your plot shows any evidence that government spending crowds out private consumption? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.