For this discussion, play your second run of theMacroeconomics Simulation: Econland(from Harvard Business Review), in which you
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Question:
For this discussion, play your second run of theMacroeconomics Simulation: Econland(from Harvard Business Review), in which you act as a the chief economic policy advisor for the fictional country of Econland. Select either theRollercoasterorStagnationscenario 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. Then address the following:
- 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?
- 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.
***I played the Rollercoaster simulation and need help with the above questions. Please provide a citation if it was cited. Thank you in advance!***
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