DirectionsFor this assignment you will play the first run of the Macroeconomics Simulation Econland from 4729- CoachOnCouch

ECO202 Macroeconomics

Question.4729 - DirectionsFor this assignment, you will play the first run of the Macroeconomics Simulation: Econland from Harvard Business Publishing, in which you will act as policy adviser for the fictional country of Econland. Select the Base Case scenario for this practice run. You may play the simulation as many times as you like. This will directly support your success in your course project, due in Module Eight.Use the provided template linked in the What to Submit section to complete this checkpoint assignment. It is an abridged version of the template you will complete for your project in Module Eight. Note that the sections you create for this assignment cannot be copied and pasted into the project template, because the project includes additional components.Remember to include the required images from your simulation report. For help with this, see the Supporting Materials section below.Specifically, address the following in your submission:IntroductionAdd Table 3 from your simulation results to the provided area (Table 1) in the template.Draft a two- to three-sentence summary characterizing your overall performance and approval ratings as the chief economic policy advisor of Econland.Fiscal Policies: Government ExpenditureExplain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate?Evaluate your fiscal policy decisions, including how they impacted key macroeconomic factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes?Monetary PoliciesAdd the âInflation Rateâ graph from your simulation results to the provided area (Figure 1) in the template.Explain how you changed the interest rate levels and how this change impacted inflation. Provide specific examples to illustrate.

Answer Below:

ECO xxxxxxxxxx Checkpoint xxxxxxxxxxxxxxxxxx Summary xxxxxx Throughout xxxx template xxxxxxx the xxxxxxx in xxx bracketed xxxx with xxxx responses xxx delete xxx bracketed xxxxxxxxxxxx including xxxxx Your xxxxxxxx Table xx Contents xxx Introduction xxxxxxxx are xxxxxxxx and xxxxxx remain xxxxxxxx in xxx submissions xxx placeholders xxx your xxxx visualizations xxx example xxxxxx graphs xxx tables xxxxxx be xxxxxxxx with xxx appropriate xxxxxxxxx images xx each xxxx To xxxxxx an xxxxxxxx image xxxx the xxxxxxxxxx data xxxx and xxxxx your xxxx visualizations xxxx this xxxxxxxx using x snipping xxxx See xxx to xxx Snipping xxxx Beginners xxxxx for xxxx information xx you xxx a xx A xxxxxxxxx version xx this xxxxx is xxxxxxxxx ECO- xxx to xxx Snipping xxxx Beginners xxxxx CC xx you xxx a xxx see xx There x Snipping xxxx for xxx Four xxxx Snipping xxxxx Table xx ContentsIntroductionFiscal xxxxxxxx Government xxxxxxxxxxxxxxxxxxx PoliciesReferencesIntroductionFor xxx benefit xx the xxxxxxxx administration x submit xxxx report xx document xxxxxxx and xxxxxxxxx the xxxxxxxxxxxxx policy xxxxxxxxx I xxxx as xxx chief xxxxxxxx policy xxxxxxx of xxxxxxxx This xxxxxxxx aims xx further xxx national xxxxxxxxxx by xxxxxxxxx our xxxxxxxxxxxxx of xxx relationship xxxxxxx macroeconomic xxxxxxxx and xxxxx consequences xxx our xxxxxxxx The xxxxxx includes x thorough xxxxxxx of xxx major xxxxxx and xxxxxxxx policy xxxxxxxxx made xxxx each xx the xxxxx years xx my xxxx as xxxx as xx explanation xx the xxxxxxxxxx rationales xxx those xxxxxxxxx and xxx resulting xxxxxxx of xxxxx policies xxxxx Real xxx and xxx Components xxxx table xxxxx the xxxxxxx components xx Gross xxxxxxxx ProductYear xxxx Year xxxx Year xxxx Year xxxx Consumption xxxxxxxxxx Expenditure xxxxxxxxxx Exports xxxxxxx Nominal xxx Real xxx Table xxxxx Macroeconomic xxxx This xxxxx shows xxxxxxxx variables xxxx are xxxxxxxx by xxxx decisions xxx help xx explain xxx resultsYear xxxx Year xxxx Year xxxx Year xxxx Capital xxxxx US xx billions xxxxxxxxxxxx Growth xxxxxxxx Price xxxxx Exchange xxxx Index xxxxx Balance xx in xxxxxxxx - x - x - x - xxxxxx Tax xxxxxxx US xx billions xxxxxxxxx Tax xxxxxxx US xx billions xxxxxxxxxx Budget xxxxxxx Deficit xx in xxxxxxxx - x - x - x - xxxxxxxxxx Debt xx in xxxxxxxx Government xxxx as xx GDP xxxxx Economic xxxxxxxxxxx Decisions xxx Results xxxx table xxxxxxxxxx the xxxxxxxxx and xxxxxxx of xxxx game xxxx Year xxxx Year xxxx Year xxxx Year xxxxxx Economic xxxxxx Forecast xxxxxxxx Confidence xxxxx Interest xxxx Income xxx Rate xxxxxxxxx Tax xxxx Government xxxxxxxxxxx US xx billions xxxx GDP xxxxxx - xxxxxxxxxxxx Rate xxxxxxxxx Rate xxxxxx Surplus xxxxxxx as xx GDP- x - x - x - xxx table xxxxx summarizes xxx macroeconomic xxxxxxx of xxxxxxxx over xx term xxxxx on xxx decisions xxxx the xxxxx table xxx the xxxxxx for xxx seven xxxxx period xxxxxxxxxx that xxxxxxxxxx the xxxxxxxxxxxxx climate xx Econland xxxx my xxxx although xxxxx were xxxxxxx periods xx strong xxxxxx I xxxxx significant xxxxxxxxxx in xxx later xxxxx with xxxxxx unemployment xxx drop xx GDP xxxxxx pattern xxxxxxxxx mitigation xx risks xxxx bleak xxxxxxx efforts xx balance xxxxxxxx growth xxxx lower xxxxxxxxx were xxxxxxxxxx to x certain xxxxxx but xxx approval xxxxxx suffered xxx to xxxxxx unemployment xxx economic xxxxxxxxxxx in xxx final xxxx Fiscal xxxxxx Government xxxxxxxxxxx I xxxxxx to xxxxxxxx my xxxxxx policy xxxxxxxxx primarily xxxxxxxxxx on xxxxxxxxx governmental xxxxxxxxxxx to xxxxxxxxx economic xxxxxx and xxxxxxxxx the xxxxxxx during xxxxxxxxxxxx in xxxxxx growth xxxxxxxx wherein xxxxx to x gradually xxxxxxxxx government xxxxxxxxxxx from xxxxxxx in xxxx to xxxxxxx in xxxx to xxxxxxxxx economic xxxxxx with xx objective xx support xxxxxxxxxxx and xxxxxxxxxx while xxxxxxxxxxx a xxxxxx unemployment xxxx While xxxx due xx economic xxxxxxxxxx and xxxxxx unemployment x reduced xxxxxxxxxx expenditure xx billion xxxxxxxxx year x as x response xx a xxxxxx economic xxxxxxxx I xxxxxxxxx governmental xxxxxxxxxxx back xx billion xxx in xxxx considering xxx severe xxxxxxxxxxx in xxx growth x reduced xxxxxxxxxxx to xxxxxxx to xxxxxx the xxxxxx deficit xxxx effectively xxxxxxx in xxxxx of xxxxxxxxxx the xxxxxx of xxxxxx policies x increasing xxxxxxxxxx expenditure xxxxxx the xxxxx years xxxxxxxxxxx to xxx growth xxxxxxxxxx in xxxx but xxx to xxxxxx spending xx the xxxxxx run xx led xx persistent xxxxxx deficits xxxxxxx from x to x of xxx while xxx reduction xx government xxxxxxxx in xxxx successfully xxxxxxx a xxxxxx surplus xx of xxx but xxxx came xx the xxxx of x significant xxxxxxxx contraction xxx rising xxxxxxxxxxxx In xxxxxxxxxx the xxxxxx policies xxxx were xxxxxxxx positively xxxxxxxxxx GDP xxxxxx but xxxxxxx with xxxxxxxxx economic xxxxxxxxxx but xxxxxxxxx during xxxxxxxx downturns xxxxxxxx Policies xxxxxxxxxx the xxxxxxxxxx the xxxxxxxx rate xxx kept xxxxxxxx at xx order xx build x conservative xxxxxxxx aimed xx balance xxxxxxxxx control xxxx economic xxxxxx considering xxx impact xx inflation xxxxxxx years xx inflation xxx sustained xxxxxxxx around xxxxxxxxxx effective xxxxxxxxx control xxxxxx stable xxxxxxxx conditions xxxxx in xxxxx to xxxxxxxxx increased xxxx to xxxxxxxxxx by xxxxxxxx growth xxx higher xxxxxxxxxx spending xxxxx - xxxxxxxxx decreased xx Year xxxx and xxxx due xx reduced xxxxxxxx activity xxx cautious xxxxxx adjustments xxxx this xxxxxxxxxxxxx the xxxxxxxxxx interest xxxx of xxxxxxxxxxxx kept xxxxxxxxx mostly xxxxxx a xxxxxxxxxx range xxxxxxx my xxxxxxxx failed xx effectively xxxxxxxxx growth xxxxxx economic xxxxxxxxx especially xx Years xxx wherein xxx GDP xxxxxx was xxxxxxxx or xxxxxxxx ReferencesMankiw x G xxxxxxxxxx of xxxxxxxxx th xx Cengage xxxxxxxx