The unemployment rate in the Philippines in April 2020 was at 15.6 percent, more than triple what it was in April 2019.

Answer in few sentences only

1. Suppose that the fraction of the employed people who lost their jobs is at 12 percent, find the job finding rate using a simple job search framework and give one policy that has an effect of increasing the job finding rate. (Explain your computation)

2.Suppose that unemployment rate goes back to pre-pandemic levels and decreases from 15.6 to 10.3 percent, can one say that the labor market is in a better position?

3. Use the Keynesian Theory of Unemployment to explain this spike in unemployment. What are it's potential causes and what are the policy implications?