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1. Suppose the government provides a recruiting service program that can reduce the cost of recruiting. Using the search model discussed in the class, determine
1. Suppose the government provides a recruiting service program that can reduce the cost of recruiting. Using the search model discussed in the class, determine the effects on the unemployment rate, the vacancy rate, the labour market tightness, the labour force and aggregate output. Use diagrams, and explain your result
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
11th edition
978-0078021718
