I thought that this game by the New Keynesian Mankiw (http://bcs.worthpublishers.com/mankiw5/cat_070/game.htm) was incredibly insightful in terms of how practitioners of aggregate macroeconomic analysis view the economy; unending prosperity is as simple as managing a few exogenous variables.
On a side note, do you guys think there’s any practical use for the AD/AS or IS/LM models?
if i deflate the currency then i lose the game.
Yet the game keeps warning about inflation.
I gotta read more keynes and figure out this bs.
The game doesn’t even make sense from a Keynesian standpoint; it keeps saying that “demand-pull inflation” happens whenever AD shifts to the right, but that only occurs when AD hits the inelastic portion of the AS curve. It’s the most obnoxious game I think I’ve ever played.