[Solution]Discussion: Play the Monetary Policy Game

Monetary Policy – A Simulation Game First, you need to play the monetary policy game on this link: http://sffed-education.org/chairman/ (Links to an external site.) If you are…

Monetary Policy – A Simulation Game First, you need to play the monetary policy game on this link: http://sffed-education.org/chairman/ (Links to an external site.) If you are successful at keeping the inflation rate between 1% and 2% and the unemployment rate under 5.5%, then you should be reappointed as the Chair of the Board of Governors of the Federal Reserve System. Write down your findings from the game. In particular state the unemployment rate and the inflation rate at the end of your game. You will need to submit them along with your game’s outcome. After playing the game at least 3 times, state whether you were reappointed or dismissed? Why? You may play the game as many times as you wish. For maximum points, play the game until you figure out how to become reappointed as Fed guru and submit those results. In order to receive full credit for this discussion, you need to (1) play the Monetary Policy game, and (2) submit your answers to the above questions, along with a clear and detailed narrative of at least 6 sentences highlighting what you learned from this game and all the strategies that you used. Grading will depend on how well your narrative reflects on any lessons learned and any strategies you used on your several attempts.
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