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T412:19 3A1980= . . . 88% owl.uwo.ca 15/18 QUESTION 12 (10 marks) a) When you or one of your friends is looking for a part-time

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T412:19 3A1980= . . . 88% owl.uwo.ca 15/18 QUESTION 12 (10 marks) a) When you or one of your friends is looking for a part-time job, how many weeks does it typically take? After you find a job, how many weeks does the job typically last? b) Using your estimates, calculate (in a rate per week) your rate of job finding f and your rate of job separation s. (Hint: If f is the rate of job finding, then the average spell of unemployment is 1/f.) Page 15 of 18

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