In your opinion, which policy decisions were more successful and why? 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?

Use information from the textbook or the news to support your answer. 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.