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In the Bathtub model, assume the job separation rate equals to s = 2%, the job finding rate equals to f = 20%, and the
In the Bathtub model, assume the job separation rate equals to s = 2%, the job finding rate equals to f = 20%, and the labor force is 100 million. Today the number of people who are employed is 85 million. How long before the unemployment rate reaches 9.9%? O a. 15 periods O b. 8 periods O c. 3 periods d. 5 periods
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