Description
I will need my initial post first and then I will post the 2 classmate responses that I will need.The Federal Reserve controls the money supply through monetary policy actions. I also will include my screen print that is needed for this discussion.
For this discussion, first play the simulation game
Chair the Fed
(on the Federal Reserve of San Francisco website). You may play the simulation as many times as you wish.
In your initial post, include an image of your simulation report. (See
Module Four Simulation Discussion Screenshot Instructions
.) Then address the following:
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.
How did your changes to the federal funds rate affect the inflation rate in your simulation? Explain the relationship using information from the textbook.
In your responses, comment on at least two posts from your peers that had different outcomes from your own. Compare and contrast your experiences in the simulation. If you had any issues accessing the simulation, you can still provide constructive critique of your peers’ outcomes. Research current levels of the federal funds rate, inflation, and unemployment and recommend monetary policy actions that would help your peer.
To complete this assignment, review the
Module Four Simulation Discussion Guidelines and Rubric
.
Overview
Your active participation in the discussions is essential to your overall success this term. The simulation discussions in this course allow you to share your experiences playing simulation games related to the final project simulation. These discussions give you a chance to express your thoughts, ask questions, and gain insights from your peers and instructor.
Directions
Create
one initial post
and follow up with at least
two response posts
.
For your
initial post
, you must do the following:
Create a post that addresses the discussion prompt.
Attach a screenshot of your simulation report.
Complete your initial post by Thursday at 11:59 p.m. of your local time zone.
Use proper citation methods for your discipline when referencing scholarly or popular sources.
For your
two response posts
, you must do the following:
Reply to at least two classmates outside of your own initial post thread.
Complete your responses by Sunday at 11:59 p.m. of your local time zone.
Follow the guidance in the discussion prompt.
Module Four Simulation Discussion Rubric
Criteria
Proficient (100%)
Needs Improvement (55%)
Not Evident (0%)
Value
Initial Post: Timeliness
Develops an initial post that includes simulation image by the indicated time
Initial post does not include simulation image or is not posted by the indicated time
Does not make an initial post
20
Initial Post: Unemployment Rate
Explains the relationship between the federal funds rate and the unemployment rate using information from the textbook
Shows progress toward proficiency, but with errors or omissions
Does not attempt criterion
20
Initial Post: Inflation Rate
Explains the relationship between the federal funds rate and the inflation rate using information from the textbook
Shows progress toward proficiency, but with errors or omissions
Does not attempt criterion
20
Response Posts
Responds to at least two peers by comparing experiences and researching current levels of federal funds rate, inflation, and unemployment and recommending monetary policy actions
Shows progress toward proficiency, but with errors or omissions
Does not attempt criterion
30
Articulation of Response
Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose
Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability
Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas
5
Citations and Attributions
Uses citations for ideas requiring attribution, with only minor errors
Uses citations for ideas requiring attribution, with major errors
Does not use citations for ideas requiring attribution
5
Total:
100%
Mute Sound Exit Game
Chair the Fed: A monetary policy game
Play
Your Job
FAQs
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Congratulations!
You have been confirmed for another term
as Chair of the Federal Reserve.
Here are the economic conditions in the final year of your term:
Unemployment rate
5.25%
Inflation rate
1.35%
The dollar rose sharply during your term.
Play again to guide the economy through a different scenario.
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