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Consider two different economies: the U.S. and France. In the U.S., 1% of employed people lose their jobs each month and 15% of unemployed people

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Consider two different economies: the U.S. and France. In the U.S., 1% of employed people lose their jobs each month and 15% of unemployed people find jobs each month. In France, 1.5% of employed people lose their jobs each month and only 12% of unemployed people find jobs each month. a. Calculate the natural rate of unemployment in the U.S. and France. b. Provide and explain two possible explanations for the differences in the two unemployment rates. That is, looking at the actual economies of U.S. and France, provide two reasons why unemployment is higher in France than it is in the U.S. Calculate the unemployment rate in the US below and put a box around your answer. Show all work. Calculate the unemployment rate in France below and put a box around your answer. Show all work. Provide and explain two possible explanations for the differences in the two unemployment rates (based on what you have learned in the chapter). Explanation #1: Explanation H2: Consider two different economies: the U.S. and France. In the U.S., 1% of employed people lose their jobs each month and 15% of unemployed people find jobs each month. In France, 1.5% of employed people lose their jobs each month and only 12% of unemployed people find jobs each month. a. Calculate the natural rate of unemployment in the U.S. and France. b. Provide and explain two possible explanations for the differences in the two unemployment rates. That is, looking at the actual economies of U.S. and France, provide two reasons why unemployment is higher in France than it is in the U.S. Calculate the unemployment rate in the US below and put a box around your answer. Show all work. Calculate the unemployment rate in France below and put a box around your answer. Show all work. Provide and explain two possible explanations for the differences in the two unemployment rates (based on what you have learned in the chapter). Explanation #1: Explanation H2

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