P- adult population, L-labor force, E- employed, U-unemployed, L=E+U, e=E/P - employment rate, m=L/P - participation rate, u=U/L - unemployment rate, U+E=L, u+e=1, a - accession rate, s-separation rate, ut+1= ut+set-aut, ut+1 = s(1-ut)-aut, steady-state unemployment rate = s/(s+a), =1-(s+a) - speed-of-adjustment parameter; smaller corresponds to a more dynamic labor market. Assume 0 < s+a < 1. If capital K=const, then with the Cobb-Douglas production function the demand for labor is L=K(p(1-)A/w)1/, where p is price of one unit of output, w is wage. Given a=0.4, s=0.02, Find the steady-state unemployment rate