2) a) In 2020, the Labor Force Survey measured the economically active population is 40 million, number of employed people is 30 million, and the working age population is 60 million. Calculate the unemployment rate and Labor force participation rate.     b) Explain very briefly, what kind of monetary policy tools central bank can use and how they can be used to fight against recession or depression.

ENGR.ECONOMIC ANALYSIS
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2) a) In 2020, the Labor Force Survey measured the economically active population is 40 million, number of employed people is 30 million, and the working age population is 60 million. Calculate the unemployment rate and Labor force participation rate.

   

b) Explain very briefly, what kind of monetary policy tools central bank can use and how they can be used to fight against recession or depression. 

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