How does the fed react to the given circumstances

Reference no: EM131450255

Assignment: Federal Reserve Chairman Game and Reflection Paper

https://sffed-education.org/chairthefed/default.html

The link above will take you to the "Fed Chairman Game." In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate in pursuit of full employment and of price stability. The object of the game is to get appointed for another term. Read the game's instructions, and play at least two rounds of the game.

After playing, write a paper reflecting on the simulation and describing your experience (250 word minimum). Include the following items in your reflection paper:

• Using the concepts you've been studying, describe how the game shows the use of monetary policy?
• How can unforeseen circumstances effect the economy? Give examples.
• How does the Fed react to these circumstances? Did you get re-appointed? Why or why not?

Please write and submit this reflection as a doc or docx attachment using the submission link, which is the link for the assignment title above.

Reference no: EM131450255

Questions Cloud

Explain aes algorithms that implement symmetric cryptography : Decription of AES algorithms that implement symmetric cryptography and strenghts and weekness of algorithm.

What aspects of trade the given game showed : what aspects of trade this game showed. Also discuss the kinds of restrictions on trade coutries use with each other and how they affect the market.

How options can be used to increase value of your portfolio : Also discuss, (1) how options (calls and puts) can be used to increase the value of your portfolio and (2) explain the risk/reward that comes with them.

Discuss the rfid standards which apply to your industry : If there are no specific standards that you think apply to your selected industry then research how an existing RFID standard could be modified to support .

How does the fed react to the given circumstances : How can unforeseen circumstances effect the economy? Give examples. How does the Fed react to these circumstances? Did you get re-appointed? Why or why not?

Revie the case starbucks returns to its roots : You are probably so used to seeing Starbucks coffee shops everywhere that you might not realize the company went from just 11 stores.

Create a web-based framework : Create a web-based framework that composes of a front-end and backend full functional customer-services-providing oriented system

What do we mean by organisational resilience : SBM1205 PF & BP LITERATURE REVIEW OUTLINE. What do we mean by organisational resilience? How will organisational resilience be implemented and measured

What value does the manager you interviewed place on career : What value does the manager you interviewed place on career self-assessments? What role does interviewee play in helping his or her employee reach their career?

User Account

All Pages