For this discussion play your second run of the Macroeconomics Simulation Econland from Harvard Business 4734- CoachOnCouch

ECO202 Macroeconomics

Question.4734 - For this discussion, play your second run of the Macroeconomics Simulation: Econland (from Harvard Business Publishing), in which you act as a the chief economic policy advisor for the fictional country of Econland. Select either the Rollercoaster or Stagnation scenario option. 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.In your initial post, include an image of your simulation report. (See Module Seven Simulation Discussion Screenshot Instructions PDF.) Then address the following:Share your experience in the simulation. In your opinion, which policy decisions were more successful and why?Why does the simulation provide you with a global economic outlook for each year? How does an open economy versus a closed economy impact government policy decisions? Use information from the textbook or the news to support your answer.At the end of each year, the simulation highlights changes in consumer confidence. Why is the economic indicator "consumer sentiment" relevant for making successful policy decisions? Use news sources to support your answer.In your responses, comment on at least two posts from your peers, and compare and contrast your simulation experience and analysis. Refer to the textbook to support your decisions and your claims related to open economies and consumer confidence.

Answer Below:

In xx second xxx of xxxxxxxx simulation x selected xxxxxxxxxx scenario xxx economy xxxxxx growing xxxxxx and xxxxx challenges xxxx low xxxxxxxx confidence xxx policy xxxxxxxx I xxxx resulted xx strong xxxxxx low xxxxxxxxxxxx and x high xxxxxxxx rating xx points xx end xx the xxxxxxxxxx One xx the xxxxxx which xxx to xxxx success xxx maintaining xxxxxx government xxxxxxxx I xxxx reduced xxxxx and xxxx led xx encouraging xxxxxxxx spending xxx improving xxxxxxx confidence xxx simulation xxxxxxxx a xxxxxx economic xxxxxxx each xxxx because xxxxxxxx is xxxxxxxxxx an xxxx economy xxxx means xxxx influenced xx international xxxxx global xxxxxx and xxxxxxxx trends xx other xxxxxxxxx Concepts xx Open xxxxxxx and xxxxxx Economy x d xxx instance xx the xxxxxx economy xx down xxxxx countries xxxxxx their xxxxxxxxx from xxxxxxxx This xxxxx down xxx own xxxxxxxx growth xx the xxxxx hand x closed xxxxxxx doesn x engage xx trade xxxx other xxxxxxx so xxx policies xxxxx only xxxx to xxxxxxx domestic xxxxxx Another xxxxxxxxx part xx the xxxxxxxxxx was xxxxxxxx changes xx consumer xxxxxxxxx each xxxx This xxxxxxxx how xxxxxxxxx people xxxx about xxx economy xxx their xxxxxxxx finances xxxx confidence xx high xxxxxx are xxxx likely xx spend xxxxx which xxxxx drive xxxxxxxx growth x Gregory xxxxxx But xxxx people xxx uncertain xx concerned xxxxx money xxxx about xxxxxx prices xx job xxxxxxxx they xxxx to xxx back xx spending xxxxx can xxxx the xxxxxxx down xx simulation xxxxxxxxxx consumer xxxxxxxxx helped xx make xxxxxxx policy xxxxxxx such xx adjusting xxxxxxxx rates xx increasing xxxxxxxxxx spending xx encourage xxxxxx to xxxxx more xxxx confidence xxxxxxx Overall xxx simulation xxx a xxxxxxxx experience xxxx taught xx how xxxxxxxxx it xx to xxxxxxx different xxxxxxxx goals xxxx growth xxxxxxxxx and xxxxxxxxxxxx to xxxx the xxxxxxx on xxxxx ReferencesConcepts xx Open xxxxxxx and xxxxxx Economy x d xxxxxxxxx https xxxxxxxxx com xxxxxxx railway-exam xxxxxxxxxxxxxx general-awareness xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx N xxxxxxx Mankiw xxxxxxxxxxxxxx th xx Cengage xxxxxx