In your responses, comment on at least two posts from your peers, and compare and contrast your simulation experience and analysis. Refer to the textbook to 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 40 - 1.0 - 4.0- 20 - 40 The economy is growing at a good pace. See if you can identify the policy decisions that have resulted in 1 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 (le. after adjusting for 71 inflation). 40 - Inflation is high. See what can be 40- 40 - done to reduce inflationary 20- 40 - pressures. pointsReal GDP Growth Unemployment Rate Approval Rating Foodback from Policy Advisor High LOW 100 40- 40 - The economy is growing at a good 20- 20- 20 - pace. See if you can identify the policy decisions that have resulted in 5 2 5 this level of economic growth. The goverment is running a budget Inflation Rate Budget Surplus (Deficit) Average Approval Rating surplus. This means there is an opportunity to increase government Average Low High spending or reduce taxes in order to boost economic growth. 5.0 - 20 - 83 10 - 10 - -10- points