The table below shows the Demand and Supply of loanable funds at a given time.

Real interest rate	Quantity of loanable funds demanded (billion $)	Quantity of loanable funds supplied (billion $)
0.2	1000	400
0.4	950	450
0.6	900	500
0.8	850	550
1.0	800	600
1.2	750	650
1.4	700	700
1.6	650	750
1.8	600	800
2.0	550	850
2.2	500	900
2.4	450	950
2.6	400	1000
2.8	350	1050
3.0	300	1100

Instructions:

1. find the equilibrium real interest rate and quantity of loanable funds, and show the equilibrium on a graph.

2. If this country experiences a recession business cycle phase that decreases the demand for loanable funds by $200 billion.

a) Find the new equilibrium real interest rate and quantity of loanable funds.

b) Show the shift on the graph.

Question Two: Suppose you are given the following information: calculate the labor force, number of people not in the labor force, unemployment rate and labor force participation rate. Show your calculations.

Total population	307.0
Under 16 or institutionalized	69.3
Employed	139.1
Unemployed	14.6
Labor force
Not in the labor force
Unemployment rate
Labor force participation rate