ScenarioYou have just completed your seven-year term as the chief economic policy advisor for Econland 4739- CoachOnCouch

ECO202 Macroeconomics

Question.4739 - ScenarioYou have just completed your seven-year term as the chief economic policy advisor for Econland (the nation you have been helping to manage). Now, you are expected to write a report for the new administration. In this report, you will summarize your macroeconomic policy decisions and explain the economic outcomes for Econland. The purpose of this report is to share the lessons youâve learned over your term and promote sound macroeconomic decision making moving forward.First, assemble the materials that you will need to complete this assignment:Access the Macroeconomics Simulation: Econland from Harvard Business Publishing and select either the Rollercoaster or Stagnation scenario. Once you have completed the final year of your seven-year term, view the final reports under the Dashboard and Reports tabs at the top of the webpage. You will use these charts, graphs, and other visualizations from your report in the indicated areas of the template (for example, Table 1). Contact your instructor if you have any questions about accessing these resources.Review and use the Project Template document located in the What to Submit section.Your report's cover page, Table of Contents, and "Introduction" section should remain standard in all submissions except where indicated in the template. Read the brief "Introduction" section, which describes the purpose and structure of the deliverable, and add the high-level descriptions where prompted.There are placeholders in the template for your data visualizations (for example, charts, graphs, and tables). They provide a rough approximation of where the visualizations should be placed. Replace these placeholders with the appropriate images in each case. To create an isolated image from the simulation data, use a snipping tool or other image-editing software to copy and paste your data visualizations into the template. See the tutorials in the Supporting Materials section for more information.Reference any source material in your report with appropriate citations. A references page has been added to the project template with the citation for the textbook. Any additional references should also be cited according to APA format.DirectionsOnce you have assembled the required materials listed above, draft your economic summary report by completing the following steps:The first section of your report is the introduction. Add information related to your term as the chief economic policy advisor for the nation of Econland. Follow the instructions in the template, including adding Table 3 from your simulation report to the indicated area of the template (Table 1). Then, add a two- to three-sentence summary of your scenario and your overall performance and approval rating.Taxation Policies: In the "Fiscal Policies: Taxation" section of your report, discuss the taxation policies of Econland for the public and your successor. Add an image of Table 1 from your simulation report to the indicated area of the template (Table 2). Then, address the following in the paragraphs below the table:Explain your intent for your taxation policy decisions over your seven-year term. What were the macroeconomic principles or models that influenced your decision making?Identify the impact of your changes to the income and corporate tax rates. How were consumption and investment affected by your tax-policy decisions? Explain these dynamics using specific macroeconomic principles from the course reading.Compare and contrast the impact of your tax policy decisions with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately. (See the Supporting Materials section for assistance with APA style.)Government Spending: In your report's "Fiscal Policies: Government Expenditure" section, discuss Econland's government spending policies for the public and your successor. Add an image of the âReal GDP Growthâ and âUnemployment Rateâ graphs from your simulation results and use an aggregate demand and aggregate supply (AD/AS) model to the indicated area of the template (Figures 1 and 2). Images of the AD/AS model can be found in the course textbook or any reputable online source. Then, address the following in the paragraphs below the figures:Explain 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?Refer to the AD/AS model to support your analysis in this section of your report.Monetary Policies: In the "Monetary Policies" section of your report, discuss the monetary policies of Econland for the public and your successor. Add an image of the âInflation Rateâ graph from your simulation report to the indicated area of the template (Figure 3). Then, address the following in the paragraphs below the figure:Explain how you changed the interest rate levels and how these changes impacted other macroeconomic factors such as inflation, consumption, investments, GDP, and foreign trade. Provide specific examples to help illustrate.Compare and contrast the impact of your monetary policies with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately. (See the Supporting Materials section for assistance with APA style.)Global Context: In the "Global Context: section of your report, expand your discussion to consider the wider global context. Analyze the impacts of openness to trade in general. Why and how are the impacts of monetary and fiscal policies different in a closed economy versus an open economy? Support your claims with specific details from the course reading.Conclusions: In the "Conclusions" section of your report, draw your overall conclusions about the relevance and significance of macroeconomics for the public and your successor.Assess the effectiveness of your economic policy decisions. Did your economic policy decisions produce the anticipated results? Did your macroeconomic principles and models behave how you expected? Provide specific examples to illustrate.Evaluate how consumer confidence might have impacted the outcomes of your policy decisions for the economy of Econland. Why is consumer confidence a relevant factor for making informed macroeconomic decisions?Cite your sources according to APA format.

Answer Below:

ECO xxxxxxxxxxxxxxx Summary xxxxxxxxxxx of xxxxxxxxxxxxxxxxxxxxxxxxxx Policies xxxxxxxxxxxxxx Policies xxxxxxxxxx ExpenditureMonetary xxxxxxxxxxxxxx ContextConclusionsReferencesIntroductionFor 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 The xxxxx above xxxxxxxxxx the xxxxxxxxxxxxx climate xx Econland xxxxxx my xxxx I xxx operating xxxxx stagnation xxxxxxxx This xx characterized xx a xxxx growing xxxxxx People xxxxx t xxxxxxx very xxxxxxxxx about xxx future xxxxxxx these xxxxxxxxxx I xxx able xx help xxx economy xxxx steadily xxxx time xxx unemployment xxxx gradually xxxxxxxxx by xxxx and xxx inflation xxxx was xxxx under xxxxxxx I xxxxxxxx steady xxxxxxxxxxxx in xxxx GDP xxxxxx which xxxx from xx Year xx by xxxx My xxxxxxxxx also xxxxxx improve xxx government x budget xxxxxxxxx Fiscal xxxxxx Taxation xxxxx During xx seven xxxxx term xx Econland x chief xxxxxxx my xxxx for xxx policy xxx to xxxx move xxx economy xxx of xxxxxxxxxx and xxx it xxxxxxx again xxxx the xxxxx we xxxx dealing xxxx slow xxxxxxxx growth xxx low xxxxxxxx confidence xx I xxxxx to xxxxx both xxxxxx and xxxxxxxxx tax xxxxx early xx and xxxx them xxx throughout xx time xxx idea xxxxxx this xxx very xxxxxx give xxxxxx and xxxxxxxxxx more xxxxx to xxxxx and xxxxxx so xxxx this xxxxx help xxxxx the xxxxxxx This xxxxxxxx is xxxxx on xxxxxxxxx economics xxxxx suggests xxxx cutting xxxxx during xxxx economic xxxxxxx can xxxxxxxx overall xxxxxx Jahan xx al xxxx people xxxx more xxxxxxxxx pay xxxx tend xx spend xxxx At xxx same xxxx businesses xxxx lower xxxxx have xxxx money xx invest xx growth xx looking xx the xxxxx tables xx can xxx that xxxx strategy xxxxxx well xxxxxx tax xxxxx dropped xxxx to xxx corporate xxxxx fell xxxxxxxx from xx As x result xx this xxxxxxxxxxx increased xxxxxxxx from xx year xx by xxxx This xxxxx that xxxxxxxxxx spends xxxx Investment xxxx increased xxxx to xxxxxxxxxx that xxxxxxxxxx were xxxxxxx more xxxxx into xxxxxx and xxxxxxxxx When xx compare xxxx to xxxxxxxxxx examples xx can xxxx at xxx Bush xxx cuts xx the xxxxx s xxxxxx Like xx strategy xx Econland xxxxx tax xxxx aimed xx boost x slowing xxxxxxx In xxxx cases xxxxxxxx spending xxx business xxxxxxxxxx increased xxxxxxx one xxx difference xx that xxx U x saw xxxxxx deficits xxxxx in xxxxxxxx I xxxxxxx to xxxx the xxxxxx balanced xxxx time xxxx reaching x budget xxxxxxx of xx GDP xx Year xxxxxx Policies xxxxxxxxxx ExpenditureFigure xxxxxx I xxxxxxxxxx government xxxxxxxx at x consistent xxxxx of xxxxxxx annually xxxxxxxxx under x stagnation xxxxxxxx characterized xx sluggish xxxxxxxx growth xxx low xxxxxxxx confidence x opted xxx a xxxxxx spending xxxxxxxx to xxxxxxx a xxxxxx foundation xxx the xxxxxxx The xxxxxx behind xxxx decision xxx to xxxxxx a xxxxxx and xxxxxxxxxxx environment xxxxx some xxxxxxxxxxxx might xxxx increased xxxxxxxx to xxxxxxxxx demand x believed xxxx steady xxxxxxxx combined xxxx tax xxxxxx would xxxxxxxxx boost xxxxxxxx and xxxxxxxx activity xxxx way xx could xxxxxxx growth xxxxxxx putting xxx much xxxxxxxx on xxx budget xxxxxxxxx the xxxxxxxx outcomes xxxx GDP xxxxxxxxxxx steady xxxxxx It xxxxxxxxx from xx year xx by xxxx Unemployment xxxxx declined xxxx to xxxx the xxxx period xxxxx positive xxxxxx suggest xxxx maintaining xxxxxx government xxxxxxxxxxx combined xxxx other xxxxxxxxxx policies xxxxxxxxxxx to xxxxxxxx recovery xxxxxxxxx to xx AS xxxxx consistent xxxxxxxxxx spending xxx help xxxxxxx aggregate xxxxxx This xxxxx to xxxxxxxx outputs xxx employment xxx AD xxxxx shifts xx the xxxxx in xxx short xxx Monetary xxxxxxxxxxxxxx I xxxxxxxxxxx a xxxxxxxx of xxxxxxxx interest xxxxx to xxxxxxxxx economic xxxxxx in xxx face xx stagnation xxxx approach xxxxxxx on xxxxxxxxxxx borrowing xxx investing xxxxx resulted xx boosting xxxxxxxxxxx and xxxxxxx economic xxxxxxxx The xxxxxxxx rate xxxxxxxxx steadily xxxx its xxxxxxx level xx in xxxx until xx reached xxxxxx year xxxxx on xxx data xxxxxx Consumption xxx increased xxxx to xxx decreased xxxxxxxx rates xxxxxxx consumers xx borrow xxxx affordable xxxxx thus xxxxxxx to xxxxxxxxx expenditure xxx increase xx the xxxxx of xxxxxxxxxx identifies xxxxxxx business xxxxxxx expenditures xxxx stem xxxx more xxxxxxxxxx financial xxxxxxx The xxxxxxx in xxx unemployment xxxx shows xxxxxxxxxx were xxxxxxx and xxxxxx more xxxxxxx during xxx period xxxx real xxx showed xxxxxx growth xxxxxxx The xxxxxxx Reserve xxxxxxx interest xxxxx all xxx way xx almost xxxx throughout xxx financial xxxxxx in xxxxx to xxxx spending xxx measures xxx to xxxxx borrowing xxxxxxxxxx together xxxx spending xxxxxxxx in xxxxx to xxxxxxxxx economic xxxxxxxxxxx This xxxxxxxx as xxxxxxx explained xx his xxxx that xxx monetary xxxxxxxxx strategies xxxxxxxx business xxxxxxxx yet xxxx produced xxxxxxxxx price xxxxxx The xxxxxxx Reserve xxxxx Chairman xxxx Volcker xxxxx to xxxxxxx interest xxxxx during xxx early x High xxxxxxxxx forced xxx Federal xxxxxxx to xxxxx interest xxxxx in xxxxx to xxxxxxx control xxx monetary xxxxxx successfully xxxxxxxxx inflation xxxxxxxx it xxxxxxxxx an xxxxxxxx downturn xxxx showed xxx price xx strong xxxxxxxx policy xxxxxxxxxxxxx The xxxxxxxx of xxxxxxxx history xxxx that xxxxxxxxxxxxx models xxxxxxxxxxx their xxxxxxx to xxxxxxxx Different xxxxxxxx policies xxxxxxxx opposing xxxxxxx throughout xxx economy xxxxx expansionary xxxxxxxxxx increase xxxxxxxx activity xx the xxxx of xxxxxx inflation xxxxx yet xxxxxxxxxxxxxx techniques xxxxx inflation xx lowering xxxxxxxx growth xxxxxx Global xxxxxxxx nation xxxxxxxx substantially xxxx becoming xxxxxxxx in xxxxxxxxxxxxx commerce xxxxxx markets xxxxxx nations xx obtain xxxx choices xx goods xxx services xxxxx creating xxxxxxxxxxx market xxxxxx and xxxxxxx industrial xxxxxxxxx toward xxxxxx efficiency xxx performance xx monetary xxx fiscal xxxxxxxx for xxxxxxxx control xx governments xxxxxxx on xxxxxxx a xxxxxxx operates xxxxxxxxxxxx or xxxxxxxxxxxxxxx according xx Timberlake xx al xxx absence xx international xxxxx in xx economy xxxxxxx stronger xxxxxx impacts xx monetary xxx fiscal xxxxxxxx A xxxxxxx bank's xxxxxxxx rate xxxxxxxxx allows xxxxxxxxxx and xxxxxxxxx to xxxx lower xxxxxxxxx costs xxxx increase xxxxxxxx growth xx raising xxxxxxxxxx and xxxxxxxx levels xxxxxxxx growth xxxxx with xxxxxxxxx employment xxxxxxx when xxx government xxxxxxxxxx additional xxxxxxxxx measures xx elevate xxxxxxxx consumption xxxxxx These xxxxxxxx generate xxxxxxx intricate xxxxxxx within xxxx economies xxxxxxx of xxxxx direct xxxxxxxxxx to xxxxxxxxxxxxx markets xxx influence xx global xxxxxxx A xxxxxxxxx in xxxxxxxx rates xxx cause xxxxxxx investors xx send xxxxx funds xxxx from xxx country xxxxxxx investors xxxxxxx their xxxxxxxxxxx toward xxxxxx returns xxxxxxx the xxxxxxx which xxxxxxx the xxxxxxxx of xxx local xxxxxxxx The xxxx of xxxxxxx increases xxxxxxxxx a xxxxxxxxx currency xxxxx thus xxxxxxxxx inflation xx a xxxxxx of xxxxxxxx rate xxxxxxxxxxx The xxxxxxxxxxx of xxxxxxxx government xxxxxxxx leads xx rising xxxxxxxx interest xxxxx that xxxx foreign xxxxxxx while xxxxxxxxxxxxx the xxxxxxxx value xxxxx creates xxxxxxxxxxxx for xxxxxxx These xxxxxxxx are xxxxxxxxxxxxxx by xxx Mundell xxxxxxx model xxxxx illustrates xxx an xxxx economy's xxxxxxxx rate xxxxxx and xxxxxxx mobility xxxxxxxxx the xxxxxxxxxxxxx of xxxxxxxx and xxxxxx policies xxxxxxxxxxxxxxx Model xxxxxxxxxxxxx Economics xxxxx Notes xxxxxxxx ConclusionsThroughout xx seven xxxxx tenure xx the xxxxx economic xxxxxxx of xxxxxxxx I xxxxxxxxx the xxxxxxx role xxxxxxxxxxxxx plays xx shaping x nation's xxxxxxxx health xx applying xxxxxxxxxxxxx principles x aimed xx guide xxx economy xxxxxxx a xxxxxx of xxxxxxxxxx toward xxxxxxxxxxx growth xxx stability xxx policies xxxxxxxxxxx such xx maintaining xxxxxx government xxxxxxxx reducing xxxxxxxx rates xxx adjusting xxx rates xxxx grounded xx established xxxxxxxxxxxxx models xxxxx measures xxx to xxxxxxxx outcomes xxxx as xxxxxxxx in xxxx GDP xxx decrease xx unemployment xxxxxxxx confidence xxxxx a xxxxxxxxxxx role xx the xxxxxxxxxxxxx of xxxxx polices xxxx consumer xxxxx positive xxxxx the xxxxxxx they xxx more xxxxxx to xxxxx money xxxxx drives xxxxxx and xxxxxxxxxx businesses xx invest xxx hire xxxxxxxxx if xxx confidence xx consumers xx very xxxx people xxxx to xxxx more xxx spend xxxx ReferencesEconland xxxxxxxx online xxx siminstitute xxx Available xx https xxx siminstitute xxx econland xxxxxxxx Feb xxxxxx V xxxx A xxxxxxx N xxxxxxxxxxxxx public xxxxxxxx trends xxx infrastructure xx developing xxxxxxxxx Policy xxxxxxxx Working xxxxx https xxxxxxxxxxxxx worldbank xxx bitstreams x fe xxx b- x - x a- x de xxxxxxxxxxxxxx E xxxxx The xxxxxx of xxx and xxxx Tax xxxx Center xx Budget xxx Policy xxxxxxxxxx Center xx Budget xxx Policy xxxxxxxxxx https xxx cbpp xxx research xxxxxxxxxxxxxxxxxx -and- xxxxxxxxxxxxxx Mankiw x G xxxxxxxxxx of xxxxxxxxx th xx Cengage xxxxxxxx Mishkin x S xxxx the xxxxx From xxx subprime xx the xxxxxx financial xxxxxx Journal xx Economic xxxxxxxxxxxx - xxxxx www xxxx org xxxxxx w xxxxxxxxxxxxxxx model xxxxxxxxxxxxx Economics xxxxx Notes xxxxxxxx Fiveable xxxxx library xxxxxxxx me xxxxxxxxxxxxxxxxxxxxxxx unit- xxxxxxxxxxxxxxxxxxxxx study-guide xxxx zxhX xxxxx Pasha x Analyzing xxx Impact xx Macroeconomic xxxxxxxxx on xxxxxxxxx Stability xxxxxxxx from xxxxx Asian xxxxxxxxx Journal xx Economics xxx Management xxxxxxxx p xx https x ideasspread xxx index xxx jems xxxxxxx view xxxxxxxxxx W xxxxx B x On xxx distinction xxxxxxx open xxx closed xxxxxxxxx Journal xx the xxxxxxxxxxxx analysis xx behavior x Jahan x Mahmud x S xxxxxxxxxxxx C xxxx is xxxxxxxxx economics xxxxxxxxxxxxx Monetary xxxx -