1) In yourown words, Describe a change in the tax code that might increase private saving. If this policy were implemented, how would it affect the market for loanable funds?

2)For this question, I pulled recent data from the Bureau of Labor Statistics; as of November 2021, the American adult population consist of 262,029,000 individuals. Of those individuals, 155,175,000 were employed, 6,877,000 were unemployed, and 99,977,000 were not in the labor force. Use this information to calculate:

a. number of individuals in the labor force

b. the labor-force participation rate

c. the unemployment rate

Show your work.