7-4. During the course of a year, the labor force con- sists of the same 1,000 people. Employers have chosen not to hire 20 of these people in the face of government regulations making it too costly to employ them. Hence, they remain unemployed throughout the year. At the same time, every month during the year, 30 different people become unemployed, and 30 other different people who were unemployed find jobs. a. What is the frictional unemployment rate? b. What is the unemployment rate c. Suppose that a system of unemployment com- pensation is established. Each month, 30 new people (not including the 20 that employers have chosen not to employ) continue to become unemployed, but each monthly group of newly unemployed now ties two months to find job After this change, what is the frictional unemployment rates