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Question 2 In the country of Apple the labour force is constant and equal to 20,opo. Over the period of a year the job separation

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Question 2 In the country of Apple the labour force is constant and equal to 20,opo. Over the period of a year the job separation rate is 0.02 and the job finding rate is o.1} (a) In the long-run (when there is no change in the unemployment rate) what is the equilibrium unemployment rate? (13-33 percent) (b) In the long-run, how many people move from employment to unemployment during a year? (347 persons (rounded to nearest whole number)) (c) In the long-run, how many people move from unemployment to employment during a year? (347 persons (rounded to nearest whole number)) (d) If the government of Apple could implement a policy to increase the job finding rate to o.15, what would be the long-run effect on the equilibrium rate? (Decrease to 11.76 percent)

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