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 simulation? Explain the relationship using information from the textbook.
Simulation Discussion: Monetary System Description The Federal Reserve controls the money supply through monetary policy actions. For this discussion, first play the simulation game Chair the Fed (on the Federal Reserve of San Francisco website). Here is the link: https://www.sffed-education.org/chairthefed/. You may play the simulation as many times as you wish. In your initial post, […]