Please at least give me the graph in ii

PART B: Short Questions Short Question 1: (30 points) A] Consider the bathtub model. Assume_a monthly job separation rate equal to s = 2.l%, and a monthly job nding rate equal to f = GU96. Assume that the labor force is given by L = 200 million. i Derive the steady-state unemployment rate. How many people are unemployed in the steady-state? How many people lose their jobs every month? How many people nd a job every month? (1 I] points) ii Lets assume the actual unemployment rate is determined by the bath-tub model stud- ied in the textbook. Equations 7.2 and 7.3 in the textbook are as follows: EE+UE=E Ut+1 Ut = gEt fUt where E; are the number of employed people, U: are the number of unemployed people. 5, f and L are given in the question on last page. Rom the second equation, we know that the number of unemployed people at time t + 1 is given by U+1 = U; + 37E: fUt (1) Let unemployment rate in February 2021 be 7.5%. Using equation (1) and a calcula- tor, show the evolution of the unemployment rate over time. On the xaxis, plot dates (U2/2U21. 03/2021J U4/2U21. 05/20211 and so on...). On the y-axis, plot the unemploy- ment rate corresponding at each time. Your graph will start at a yintercept of 7.5%. That isj U0. = 0.075. How long before the unemployment. rate maehm 3.5%? (6 points) iii If job-separation rate 3 = 2.5%, What is the steady state unemployment rate. Assume job nding rate is same as given above. (4 points)