Fed game
Abdullah Fatah
THEFEDGAMEAssignment8.docx
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Principles of Economics I (ECON133) Fall, 2017
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Instructor Contact Information Esin Cakan, Ph.D. Email: [email protected]
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Assignment: THE FED GAME
http://sffed-education.org/chairthefed/default.html
Teams members:
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Professor Marks’s Performance |
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Remember: The job of your five (5) member team, a Board of Governors, is to set monetary policy by adjusting the Fed Funds Rate and respond to the implications your policy has on Unemployment and Inflation. Your targets are: 5.00% Unemployment (The Natural Rate of Unemployment) and 2.00% Inflation. Each decision of the team must be recorded and explained with majority rule guiding your Board’s decision. You must also select a chairman or chairwoman of the Board. |
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FILL THE BELOW SHEET:
GROUP NAMES: 1)____________________________ 2) ________________________
3) ____________________________ 4) __________________________
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QUARTER |
HEADLINE |
FED FUNDS RATE |
INFLATION |
UNEMPLOY. |
DECISION |
RATE SELECT |
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16 |
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15 |
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14 |
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13 |
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12 |
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11 |
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10 |
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9 |
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8 |
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7 |
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6 |
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5 |
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4 |
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3 |
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2 |
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1 |
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0 |
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THE FED GAME Page 1
