If an economy has an increase in productivity and a decrease in business taxes it will cause the AS curve ________________.

to shift to the right

to move to the full-employment level of GDP

to close the recessionary gap

to shift it to the left

Assume there is a country with 22 million working age adults. Of those, there are 14 million employed adults; 4 million adults looking for work; 1 million people who want to work but have given up looking for a job; and 2 million people who are not available to work. What is the size of the labor force in this economy?

Group of answer choices

14 million

10 million

22 million

18 million

When a country is not at full-employment during a recession it is due to _____________.

Cyclical Unemployment

Structural unemployment

not enough jobs being available for everyone who wants to work.

many people working only part-time but wanting to work full-time

What is the unemployment rate for the following country:

Total population =450; Employed adults= 270; Not in the labor force = 160; Unemployed = 20; part-time workers looking for full time work = 10.

2.7%

6.9%

7.8%

4.4%