Chair The Fed Game Answers

See if you can achieve full employment and low inflation as chair of the fed.

Chair the fed game answers.

I have been trying for over an hour and i can t. If anyone is familiar with the chair the fed game i need to get the reappointed as fed chair results for my class homework. It deals with exactly what we are studying right now monetary policy. When you win i e.

Inflation 2 and unemployment 5. Check out this game created by the federal reserve. As the chair of the board of governors of the federal reserve how did you respond to these changes in terms of changing monetary policy. Unemployment rates can be lowered by setting the federal funds close to or below the inflation rate.

Click on the learn more button before playing. The game puts the player in the role of setting monetary policy as chair of the fed. Get re appointed take a screen shot and post it in this assignment submission. For achieving the goal of decreasing the unemployment rate fed rate was to be cut.

The game puts you in the position of the fed chairman and you must manipulate interest rates in order to balance unemployment and inflation. Remember that the fed funds rate is the primary tool for monetary policy and is shown on the game screen green line in the chart area is initially set at 4 rate. Further to maintain the inflation rate fed rate was to be increased. Glenn rudebusch executive vice president director of economic research at the federal reserve bank of san francisco explains the economic model behind chair the fed.

When you win i e. The fed chairman game. Were you reappointed at the end of the game. Inflation can be lowered when the federal funds are set higher but this will also temporarily increase unemployment.

After the first three month period has passed pause the game. Chair the fed game chair the fed game videos. Help with chair the fed game. In these videos dr.

How did the economy react to your monetary policy changes. Econ 205 simulation chair the fed monetary policy game as the chair of the board of governors of the federal reserve it was my concern to maintain the rate of inflation at around 2 and unemployment rate below 5 in the economy. A monetary policy game. This article is about the role of the federal reserve the fed in controlling unemployment and inflation the economy of any country revolves around the interaction of certain key economic forces or pillars which trade off to give a variety of.

The goals are as follows. Get re appointed take a screen shot and post it in this assignment submission.