Question 26 (10 points) What are the effects of an increase in the separation rate, 5 on the reservation wage and on the long-run unemployment rate in the one-sided search model of unemployment. {Explain your results using the diagram in Assessment-Assignment- Final Exam}. 0 a) The reservation wage decreases and the long-term unemployment increases 0 b) The reservation wage decreases and the long-term unemployment can either increase or decrease O c) The reservation wage increases and the long-term unemployment increases 0 cl} The reservation wage increases and the long-term unemployment decreases 0 e] None of the above