3. Explain how each of the following would affect the probability that a job searcher will accept...
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3. Explain how each of the following would affect the probability that a job searcher will accept the next wage offer and thus affect the expected length of his or her unemployment:
(a) a decline in the rate of inflation below the expected one and
(b) a decrease in unemployment benefits.
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Related Book For
Contemporary Labor Economics
ISBN: 9780073375953
9th Edition
Authors: Campbell McConnell, Stanley Brue, David Macpherson
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