Interest Rates: Describe how your changes in interest rates impacted inflation and other key macroeconomic indicators used in the simulation. Refer to the “Inflation Rate” graph from your simulation results. Runs SummaryAll results shown are for the last year played.ý Copy to clipboardUnempl.Rate IfYearsReal GDPInflationBudgetApprovalAvg. ApprovalDate I1Played I1Scenario 1GrowthRate I1Surplus/Deficit IfRating ItRating It9/19/20217 Rollercoaster5.74.52.3-2.61006914:52PDT9/19/20217 Rollercoaster-9.412.2-4.627.64414:49PDTBegin New Game25

Runs Summary All results shown are for the last year played. ý Copy to clipboard Years Approval Rating I1 Avg. Approval Rating It Real GDP Unempl. Rate 11 Inflation Budget Surplus/Deficit It Date t Played 1 Scenario t Growth 11 Rate 1 9/19/2021 7 Rollercoaster 5.7 4.5 2.3 -2.6 100 69 14:52 PDT 9/19/2021 7 Rollercoaster -9.4 12.2 -4.6 27.6 25 44 14:49 PDT

Runs Summary All results shown are for the last year played. ý Copy to clipboard Years Approval Rating I1 Avg. Approval Rating It Real GDP Unempl. Rate 11 Inflation Budget Surplus/Deficit It Date t Played 1 Scenario t Growth 11 Rate 1 9/19/2021 7 Rollercoaster 5.7 4.5 2.3 -2.6 100 69 14:52 PDT 9/19/2021 7 Rollercoaster -9.4 12.2 -4.6 27.6 25 44 14:49 PDT

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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