The Federal Reserve controls
I will need my initial post first and then I will post the 2 classmate responses that I will need. The Federal Reserve controls the money supply through monetary policy actions. I also will include the screen print that is needed for this discussion.
For this discussion, first play the simulation-game Chair the Fed (on the Federal Reserve of San Francisco website). You may play the simulation as many times as you wish.
In your initial post, include an image of your simulations report. (See Module Four Simulation Discussion Screenshot Instructions.) Then address the following:
- Share your experience as the chair of the Fed, addressing the challenges you faced and how you dealt with them. How did your changes to the federal funds rate affect the unemployment rate in your simulations? Explain the relationship using information from the textbook.
- How did your changes to the federal funds rate affect the inflation rate in your-simulation? Explain the relationship using information from the textbook.
In your responses, comment on at least two posts from your peers that had different outcomes from your own. Compare and contrast your experiences in the simulation. If you had any issues accessing the-simulation, you can still provide constructive critique of your peers’ outcomes. Research current levels of the federal funds rate, inflation, and unemployment and recommend monetary policy actions that would help your peer.
To complete this assignment, review the Module Four Simulation Discussion Guidelines and Rubric.
Overview
Your active participation in the discussions is essential to your overall success this term. The simulations discussions in this course allow you to share your experiences playing simulations games related to the final project simulations. These discussions give you a chance to express your thoughts, ask questions, and gain insights from your peers and instructor.
Directions
Create one initial post and follow up with at least two response posts.
For your initial post, you must do the following:
- Create a post that addresses the discussion prompt.
- Attach a screenshot of your simulation report.
- Complete your initial post by Thursday at 11:59 p.m. of your local time zone.
- Use proper citation methods for your discipline when referencing scholarly or popular sources.
For your two response posts, you must do the following:
- Reply to at least two classmates outside of your own initial post thread.
- Complete your responses by Sunday at 11:59 p.m. of your local time zone.
- Follow the guidance in the discussion prompt.
