Effectiveness of the Counter-Cyclical Policies (I pick the airline industry. No plagiarism) Purpose of Assignment This assignment addresses how both monetary and fiscal policies havebeen used during the so-called Great Recession, which began in December2007 and ended in June 2009, to the present to moderate the businesscycle. Assignment Steps Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Create a minimum 10-slidePowerPoint® presentation, including detailed speaker notes or voiceover,in which you analyze your choice of one the following markets orindustries:The housing marketFinancial marketsCommodity and stock marketsAn industry of your choice, such as the automobile industry, theairline industry, retail trade, or any other major industry thatsuffered heavy losses during the Great Recession Your analysis will extend from thebeginning of the Great Recession, which was December 2007, to thepresent and should include the following:An Excel® workbook with the following datasets:One dataset related to the U.S. housing industry such as housingstarts, the FHFA housing price index, or another dataset of your choicerelated to the housing market.One dataset related to personal or household income or to personal or household saving.One dataset related to the labor market such as the unemploymentrate, initial claims for unemployment insurance, or another dataset ofyour choice related to the U.S. labor force.One dataset related to production and business activity within the market or industry you choose to analyze.Find your datasets by using different internet data sources,including, but not limited to, the Federal Reserve Bank of St. Louis’sFRED site, U.S. Dept. of Commerce’s Bureau of Economic Analysis (BEA),U.S. Dept. of Labor’s Bureau of Labor Statistics, U.S. Census Bureau,and The Organization for Economic Co-operation and Development (OECD).Using data results analyze the economic and sociological forces thatdrove the market equilibrium to unsustainable heights, commonly referredto as ‘bubbles,’ and the shocks that brought the markets back down.Discuss specific changes in supply and demand within the markets and/or industries you chose to analyze.Examine prior government policies and legislation that might haveexacerbated the impact of the shocks. Also, discuss governmentactions/regulations that might be undertaken, and/or have beenundertaken, to moderate the effects of extreme economic fluctuations.Evaluate the actions of the federal government (fiscal policy) andthe Federal Reserve (monetary policy) to restore the economy and fostereconomic growth. Base your evaluation on information available atInternet sources such as, but not limited to, the Fed’s The Economy Crisis and Responsewebsite as well as other appropriate sources found on the Internet andin the University Library. Be sure you address the effectiveness ofthose counter-cyclical policies. Cite a minimum of threepeer-reviewed sources and economic data not including the course text.Submit the data results in a separate Microsoft® Excel® file. Format the assignment consistent with APA guidelines.