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QUESTION

Access and play the Chair the Fed Game at the Federal Reserve Bank of San Francisco website:http://sffed-education.org/chairthefed/WebGamePlay.htmlIn a one page paper, answer the following questions:1

Access and play the Chair the Fed Game at the Federal Reserve Bank of San Francisco website:

http://sffed-education.org/chairthefed/WebGamePlay.html

In a one page paper, answer the following questions:

1.    What trends in the economy did you encounter?

2.    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?

3.    How did the economy react to your monetary policy changes?

4.    Were you reappointed at the end of the game?  Why or why not?

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** What trend ** the ******* did *** ***************** ********* rate ******** increased from 211% ** **** ***** ************ rate decreased **** **** ** 442% The ******* ****** **** balanced ********** *** period ** ** quarters ** which dollar **** ********* ********* ** the ***** of *** ***** ** ********* ** *** ******* ******* *** *** *** respond to ***** ******* in ***** ** ******** monetary policy?Answer: ** *** ***** of the ***** ** ********* ** *** Federal Reserve ** *** my ******* ** ******** *** **** of ********* ** around ** *** unemployment **** ***** * % ** *** ******* *** ********* the **** ** ********** *** ************ rate *** **** was ** ** cut ******* to ******** *** ********* **** fed **** was ** ** increased Thus ***** to maintain * ******** ******* ** *** *** **** increase *** cut ** **** the ******* *** ** **** ******** in ***** ** ********* *** ************** How did the ******* react ** your ******** ************** ******* looked well ******** with ** monetary ****** * ******** ********* of ******* *** fed rate ********* decreased ** ********* ** ****** review ** every ******* *** ********* *** to ensure ************ and ********* rates *** ******* above ** *** ** ***** ************** ******* 3rd ** **** * made changes ** *** rate ** *** ** **** This brought *** Unemployment **** ** **** *** ********* **** at **** This *** *** **** ***** **** ***** ***** ******** ** *** ******* *** *** next quarter I kept the *** **** ********* which ******* *** Unemployment **** at 430% *** ********* **** ** **** *** *********** was tightened *** ****** *** ****** inflationary pressureFor *** **** ******* * ****** to ******** fed rate ** ** ***** points Hence *** Unemployment rate ********* ** 409% ***** ********* **** ****** to **** ** ** ****** ** *** ******* *** ***** **** *** ****** up but *** **** funds **** **** *** ******* *** *** goal *** ** **** *** inflation *** which * ********* *** *** rate further ** ** ***** ****** ***** the ************ **** ******* ** **** while ********* **** ****** ** **** As an impact in the ******* ****** ******* rising sharply and cost ** ******* **** **** ******* *** ** exports **** **** I kept *** *** rate same *** *** **** ******* **** ***** *** Unemployment **** ****** ** 510% ***** ********* rate leveled to **** As an ****** ****** ***** *** economy *** to ***** the economy *** *** ******** ** *** *** ******** **** efforts *** ******* looked well ******** ** 1st ******* ** **** with *** *** **** *** ** **** ** *** ** ** **** ******* *** ******* ** Good ***** **** Drop ** ************ **** ******* **** ***** pressures ** *** *** ** *** **** ******* ************ **** was 442 * while the ********* **** *** **** This ****** to *** *** ******* in ******** prospects *** ******** ***** *** *********** ** the *** ** the ***** *** or *** *********** *** * *** confirmed *** another **** ** ***** of ******* ******* ******* the ****** **** **** sharply during ** **** **** ************ **** ** **** *** ********* **** as **** ***** *** quite ************ *** the economic ********

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