Unemployment rates can be lowered by setting the federal funds close to or below the inflation rate.
Chair the fed a monetary policy game answer.
See if you can achieve full employment and low inflation as chair of the fed.
Inflation can be lowered when the federal funds are set higher but this will also temporarily increase unemployment.
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.
A monetary policy game.
Top tips for the fed chairman game.
See if you can achieve full employment and low inflation as chair of the fed.
What trends in the economy did you encounter.
Were you reappointed at the end of the game.
Think you have what it takes to run our country s central bank.
How did the economy react to your monetary policy changes.
In a one page paper answer the following questions.
That s why the fed should be sticking to its original task of maintaining a stable money supply.