Question
The separation rate in an economy is2 percent and the rate of job finding is10 percent. a. If this economy has100 millionindividuals in the labor
The separation rate in an economy is2 percent and the rate of job finding is10 percent.
a.If this economy has100 millionindividuals in the labor force, calculate i) the steady state unemploymentrateand ii) the number of unemployedindividuals.
b.If the separation rate falls to1 percent,calculate the newi) the steady state unemploymentrateand ii) the number ofunemployedindividuals.
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
