The Model of the Labour Force Dynamics I. Suppose that in the economy the average period of being employed is 80 months, while the average period of being unemployed is 4 months. (a) Calculate: (i) the job separation rate; (ii) the job finding rate; (iii) the steady-state rate of unemployment. (b) What happens to the job separation rate, the job finding rate and the natural rate of unemployment: (i) if compared to point (a), the average period of being employed becomes 85 months; (ii) if compared to point (a), the average period of being unemployed becomes 5 months. Briefly explain the results. II. Suppose the steady state rate