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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Contemporary Labor Economics

ISBN: 9780073375953

9th Edition

Authors: Campbell McConnell, Stanley Brue, David Macpherson

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