(Solved): help  Question 21 4 Points Use the following information to answer questions 1, 2 and 3. Use nu ...

Question 21 4 Points Use the following information to answer questions 1, 2 and 3. Use numbers ONLY. NO UNITS, comas or %. Population age 16 and older = 200,000 Labor Force = 100,000 Number of people working part time = 20,000 Number of people working full time = 70,000 1. What is the labor force participation rate? Blank 1% 2. How many people are unemployed? Blank 2 3. How many people are employed? Blank 3 What is the unemployment rate? Blank 4% Specify whether an economy would require expansionary or contractionary fiscal policy given the situations below. Type in E for expansionary or C for contractionary . A recession. Blank 1 • A stock market collapse that hurts consumer and business confidence. Blank 2 Extremely rapid growth of exports. Blank 3 Rising inflation. Blank 4 • A rapid rise in unemployment. Blank 5 • A rise in oil prices. Blank 6 . .