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Use your knowledge of the bathtub model of unemployment to estimate what the steady state level of unemployment would be for the US and Spain
Use your knowledge of the bathtub model of unemployment to estimate what the steady state level of unemployment would be for the US and Spain if separation rate s = 0.01 for both countries, but due to strict hiring and firing labor market regulations the finding rate for Spain fESP = 0.09 is much lower than the US fUSA = 0.24
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