Consider the following Beveridge curve of a lab0r market L, which is characterized by _ (12 102 100 where v is the vacancy rate and a is the unemployment rate. Both '0 and 'u. are 1; +1, measured in percentage. The Beveridge curve describes the labor market L per fectly. The population and labor force participation rate remained the same over time. At the end of Year 2019, when the unemployment rate was 6%, the total number of job vacancies was 340. At the end of Year 2020, the vacancy rate was 1.16%. Which of the following statements is correct? A Beveridge Curve 1.6 a A Vacancy Rate ('56) a. M 4 6 8 1 0 Unemployment Rate ('36) (a) At the end of Year 2020, the number of unemployed people who were looking for jobs in the labor market was 1360. (b) At the end of Year 2020, the number of unemployed pe0ple who were looking for jobs in the labor market was 1500. (c) At the end of Year 2020, the number of unemployed people who were looking for jobs in the labor market was 1600. (d) At the end of Year 2020, the number of unemployed people who were looking for jobs in the labor market was 2000. (e) At the end of Year 2020, the number of job vacancies was 340. (f) At the end of Year 2020, the number of job vacancies was 1160. (g) At the end of Year 2020, the number of job vacancies was 2000. (h) At the end of Year 2020, the number of job vacancies was 2320. (i At the end of Year 2020, the number of employed people was 1360. (j) At the end of Year 2020, the number of employed people was 16000. (k) At the end of Year 2020, the number of employed people was 23500. ) (l The labor market at the end of Year 2020 was tighter than the labor market at the end of Year 2019