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In the beginning of the simulation games, I struggled with increasing Real GDP Growth and consumption. Towards the middle end, I struggled with reducing inflation.
In the beginning of the simulation games, I struggled with increasing Real GDP Growth and consumption. Towards the middle end, I struggled with reducing inflation. I would say the best year for Ecoland, in terms of keeping inflation at a moderate rate, was year seven. The government was implementing a budget surplus the previous year; thus, I was able to successfully boost economic growth by increasing government expenditure and reducing both income and corporate tax rates. My fiscal policy decisions from year 5 of the simulation decreased both real GDP growth and unemployment. The economy, however, was growing at a good pace, and I received an average approval rate of 78. 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.]
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