1) Consider a simple model where workers can be either employed or unemployed. Suppose the labour force is L = 300 million workers, the job separation rate is 2% per month and the job finding rate is 38% per month. Which of the following is true? Group of answer choices In steady state, fewer workers are losing their jobs than there are unemployed workers finding a job None of the other options In steady state, 15 million workers are unemployed In steady state, 114 million workers are employed 2) Suppose the growth rate of the money supply is 10% per year and the growth rate of real output is 3% per year. According to the quantity theory of money, the inflation rate is most likely to be: Group of answer choices 11% per year 7% per year 9% per year 13% per yea
1) Consider a simple model where workers can be either employed or
Group of answer choices
In steady state, fewer workers are losing their jobs than there are unemployed workers finding a job
None of the other options
In steady state, 15 million workers are unemployed
In steady state, 114 million workers are employed
2) Suppose the growth rate of the money supply is 10% per year and the growth rate of real output is 3% per year. According to the quantity theory of money, the inflation rate is most likely to be:
Group of answer choices
11% per year
7% per year
9% per year
13% per year
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