Factors to include:
1 . Based on the game, how did the simulation show the use of monetary policy to control both unemployment and inflation? How do Federal Funds Rate affect unemployment and inflation based on your experience with the game?
2. How can unanticipated circumstances affect the economy? Give example of those circumstances that you encountered during the game. How did you as FED chairman react to those circumstances?
3. Did you get reappointed? Why or why not?
4. Use the following terms in your paper : money market, open market operations, open market purchases, open market sales, speculative demand for money, transaction demand for money, appreciation of a currency, depreciation of a currency, discount rate, exchange rate, federal funds market, federal funds rate,illiquid