Spring 2024 Principles of Macroeconomics HOMEWORK ASSIGNMENT IT mm: You can either print this document, write down your answers, and scan your document and upload it on BB or type your answers and submit your word document on BB. ; Due Date: March 24, 11:59 PM Each question is 25 points. 1) Suppose the working-age population is 150 million, the labor force is 125 million, and employment is 120 million. a) What is the unemployment rate? b) Now suppose that 2 million students graduate from college and begin to look for jobs. What ~is the new unemployment rate if none of the students have found jobs yet? ) Suppose that all 2 million students find jobs. What is the unemployment rate now? rd sloping. (As the price level falls, the ors that might cause the AD curve to Spring 2024 Principles of Macroeconomics 3. Demonstrate graphically and explain verbally a recession: i . ary gap. Describ i (graphically and verbally) for closing the gap. = A whmt'ms 4. J?enc the concepts of discouraged workers and underemployment, and explain why, due to their presence, we need to handle the official unemployment figures published by the BLS with care