In your responses compare and contrast your simulation experience and analysis. Support your decisions and your claims related to open economies and consumer confidence.

Mine

Real GDP Growth Unemployment Rate Approval Rating Feedback from Policy Advisor High Low 10 10- 60- J.0 - 40- 20 - 45 The economy is growing at a good pace. See if you can identify the policy decisions that have resulted in 1 4 this level of economic growth. You have kept government Inflation Rate Budget Surplus (Deficit) Average Approval Rating expenditure constant in nominal terms. Remember that, if inflation is High Low High positive, this amounts to a reduction in government expenditure in real terms (L.e. after adjusting for 71 inflation). Inflation is high. See what can be 40- done to reduce inflationary 40 - pressures. points 1 4 81 2 3 4 3 6 7Real GDP Growth Unemployment Rate Approval Rating Feedback from Policy Advisor High Average 100 100 The economy is growing at a good pace. See if you can identify the policy decisions that have resulted in 7 this level of economic growth. Inflation Rate Budget Surplus (Deficit) Average Approval Rating Low Low High 71 points 1 2 4 1