During the simulation, you made decisions concerning government spending. Discuss the impact of your decisions on key macroeconomic indicators such as real GDP growth and unemployment. Refer to the graphs "Real GDP Growth" and "Unemployment Rate" from your simulation results to illustrate the impact.

• Interest Rates: Describe how your changes in interest rates impacted inflation and other key macroeconomic indicators used in the simulation. Refer to the "Inflation Rate" graph from your simulation results.

For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this document is to further our national prosperity by deepening our understanding of the relationship between macroeconomic policies and their consequences for our citizens. The report includes a thorough accounting of the major fiscal and monetary policy decisions made over each of the seven years of my term, as well as an explanation of the underlying rationales for those decisions and the resulting impacts of those policies.

[Replace this area with Table 3 from your simulation report.]

Table 1.1

The table above summarizes the macroeconomic climate of Econland over my term. [Add a two- to three-sentence summary specifying which underlying scenario you chose, as well as your overall performance and approval ratings as the chief economic policy advisor of Econland based on your simulation results.]1

Real GDP Growth High 10.0 8.0 6.0- 4.0- 2.0- 0.0 0 1 2 3 4 5 6 7 Inflation Rate Average % of labor force Unemployment Rate Low Approval Rating Feedback from Policy Advisor 100 10.0 8.0 80 60 6.0- * 4.0- 40 2.0- 20- 0.0 0 0123 4 5 6 7 0 1 2 3 4 56 7 Budget Surplus (Deficit) Low 10.0 8.0 6.0- 4.0- % of GDP to 2.0 0.0 - -2.0- 2.0 -4.0- -6.0- 0.0 -8.0 T 01234 5 7 0 1 2 3 4 5 6 7 Average Approval Rating High 68 points The economy is growing at a good pace. See if you can identify the policy decisions that have resulted in this level of economic growth.