ssume an economy at a steady-state unemployment rate with a separation rate of 0.20 per year, a job finding rate of 0.60 per year, and the labor force comprised of 3000 individuals. a) Compute the long run unemployment rate. b) How many individuals find a job each year? c) How many individuals get unemployed each year? How many individuals get employed each year?
ssume an economy at a steady-state unemployment rate with a separation rate of 0.20 per year, a job finding rate of 0.60 per year, and the labor force comprised of 3000 individuals. a) Compute the long run unemployment rate. b) How many individuals find a job each year? c) How many individuals get unemployed each year? How many individuals get employed each year?
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 8SQP
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Assume an economy at a steady-state
a) Compute the long run unemployment rate.
b) How many individuals find a job each year?
c) How many individuals get unemployed each year? How many individuals get employed each year?
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