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. Because this year we allowed for access government spending and decreased the income tax rate in order to boost the economy.
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