Follow this link, "FED Chairman Game(Links to an external site.)

" and play at least two rounds.In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate in pursuit of full employment and of price stability. The object of the game is to get appointed for another term.

After playing, make your initial discussion post in which you address the following:

• Using the concepts you've been studying, describe how the game shows the use of monetary policy?
• Given the objectives presented in the simulation, would you suggest that the FED is taking a Keynesian or Monetarist approach to executing monetary policy?Explain.
• Did you get re-appointed? Why or why not?Explain what you found most difficult about the experience.