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Suppose that there is a decrease in EI benefits, that are represented in the DMP model as payments to everyone who is not in the

Suppose that there is a decrease in EI benefits, that are represented in the DMP model as payments to everyone who is not in the labour force. What will be the effects on the unemployment rate, the vacancy rate, the labour force, the number of firms, aggregate output and labour market tightness? Show the changes using diagrams and also explain your results.

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