Economics 100 Simulation on Depression

June 5, 2001, the Department of Education reports that over 60% of all high school graduates in the U.S., will go to college. The average age of entry into the labor force has risen to 23 years old, a 6 years difference from the previous year. Furthermore, in July 2001 Congress created a $250 billion additional spending for shelter, food and clothing for everyone. The events for the fiscal year of 2001 did not have a direct impact on our policy changes. …

…economic recovery process. The continuous increase and decrease of policy changes have resulted in a considerably stable economy. In conclusion, of the fiscal year 2008 the most significant outcome of the presidential term was the unemployment rate that decreased from 22% in 2000 to 9% in 2008. Establishing an aggressive fiscal and monetary policy for the first five years allowed a boost in the economy. Slowly tightening government spending and open market operations kept the inflation rate at five percent.