The above link will take you to an economics simulation.
You will play the role of the Fed chairman.
The game/simulation will take you through a simulated economy and allow you to control the federal funds rate whereby effecting the unemployment and inflation rates.
The object of the game/simulation is to get appointed for another term, which isn't easy.
Read the 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).
Things to include:
1 - Using the concepts you've been studying, describe how the game shows the use of monetary policy?
2 - How can unforeseen circumstances effect the United States economy? (Give specific examples)
3 - How does the Fed react to these circumstances?
4 - Did you get re-appointed? why or why not?
Please write and submit this reflection as a .doc or .docx attachment.