Check out this game created by the Federal Reserve. It deals with exactly what we are studying right now, monetary policy. The game puts you in the position of the Fed Chairman, and you must manipulate interest rates in order to balance unemployment and inflation. Click on the learn more button before playing. Investigate the Fed Toolkit and the other items in the help section. After this play the game. Give me a short summary of your strategy and how it went.
I did amazing never passed over 1% of the max rates maybe i should run the U.S. economy
ReplyDeletei did terrible, got dismissed every time. good thing im not running the economy
ReplyDeleteHannah Neitzke
period 2
I did horrible! haha. I got dismissed at the end every time too. Oh well! :)
ReplyDeleteI was dismissed every time.
ReplyDeleteWow, that was pretty difficult. I got it after 3 or 4 tries. It just takes time to get used to the delay.
ReplyDeleteRunning the Fed is not for me...
ReplyDeleteI did very badly! I was dismissed every time.
ReplyDeletefirst time was absolutely terrible but the second time they called me a fed guru lol
ReplyDeleteI got fired, then I got my Dad to help me and he got me fired too!
ReplyDeleteMy first try was terrible, but after a while, I got the hang of it, but didn't do much better
ReplyDeleteI will never run this country's economy. I was dismissed at the end of every game.
ReplyDeletei did horribly! i was dismissed at the end of every game.
ReplyDeleteI was reappointed on my first try :D
ReplyDeleteumm.. good thing this is hypothetical. otherwise we'd all be unemployed. :/ haha or maybe we'll all just be "discouraged".
ReplyDeletedismissed every time
ReplyDeletei never want to have this job.
Adriane Joseph
2nd period
Ok.... I sucked! See! This is why I will NOT be an economist. Everyone should be thankful I do not have any plans to run the economy. If I did, we would all be screwed!
ReplyDeleteWell the first time i was reappointed and the second time i was disissed... Go figure. Needless to say i shouldn't be running this economy any time soon.
ReplyDeleteI suck at this game. The first time I played it was difficult to understand what was going on. The second time I thought I understood it enough but I still got dismissed. I'm going back to playing Modern Warfare 2 now.
ReplyDeleteI got fired the first time, but I got reappointed on my 3rd try.
ReplyDeleteomg i was fired or dismissed however you want to call it every time. i don't like this game :( lol jk. but yea definitely would not want this job i would totally kill the eco. (i like the little notes they had there though.)
ReplyDeleteKaren Pasay-An >.<
2nd period
Took me about twenty tries or so, but eventually I saved the country. They better invent the re-do button for real life before appointing me.
ReplyDeleteI failed about 7 times in a row, but I'm kind of addicted and I want to win!! Thanks Pye...
ReplyDeleteI tried doing this thing about 10 times and I just could not get the hang of it. I got dismissed at the end of every trial i ran. I am so glad I am not running the economy. The dilemma that the Fed faces is hard- they cannot appease both the unemployment rate and the inflation rate.
ReplyDelete-Stanley Verghese, 7th period-
i'm such a beast at this game! NOT
ReplyDeleteOK, here's the deal. I never lose. I'm either winning or quitting because its unfair. I quit every single time. Who cares about deflation anyway?!?!?!? It means you can buy more stuff!!!!
ReplyDeleteHaha I had really bad inflation so I set the Fed Funds Rate so high it went off the page. Then just when I got the inflation under control I was fired. :(
ReplyDeleteI WON! not.
ReplyDeletei played 3 and got dismissed
I didn't get the hang of it at first but after a couple of tries, I got reappointed.
ReplyDeletei got dismissed sadly :(
ReplyDeletethis did not go well, i was dismissed both times. the first i did somewhat decent, i at least kept unemployment down. but the second time was a disaster.
ReplyDeletechelsea norcom
period 2
I tried 3 times. The first two, I got dismissed for high inflation even though I was trying to make the economy tighter the second time. The third time deflation was ridiculous, I set the Federal Funds rate at 0, but there was nothing else I could do.
ReplyDeleteChris Rocha
7th Pd.
I did poorly. I got dismissed every time! I tried to follow the advice it gave me about increasing the Federal Funds Rate to decrease inflation, and decrease it to decrease unemployment, but it was hard to keep the rates to stable. It's tough to run the economy.
ReplyDeleteKhushboo Kamnani
2nd period
The first three times I was dismissed, and then on my fourth, not only did the market crash, but I was reappointed as a "Fed guru". Needless to say, I will not be running the economy anytime soon. It was fun, though.
ReplyDelete7th Period
I got dismissed every time!I'm definately not fed-material...
ReplyDeleteNo matter what I did I kept getting dismissed. Hard to control the unemployment while keeping the inflation down. Eventually got into negative inflation which was bad as well.
ReplyDeleteI actually did really well. I was reappointed the very first time. I might be less than stellar in economics class, but outside i have skill :)
ReplyDeleteJana Walters
Period 7
I don't like this game! I can't win. i was dismissed every time. booo
ReplyDeleteI did horrible, and overcompensated almost every time. Obviously, running the economy is not for me.
ReplyDeleteman i got dimissed i did horrible!
ReplyDeleteI AM A BEAST FED GURU REAPPOINTED!
ReplyDeleteEdward Cruz
period 2
I did really bad as well... I don't think I'm cut out to run the economy. Posioning the minds of innocent teenagers in school is more my style.
ReplyDeleteMary Churay
7th period
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