10. Suppose economists have found current job separation rate (s) and job finding rate () in the US are 5% and 85%. Then how much is the current natural rate of unemployment of the US? A. Natural rate of unemployment is 4.76 percent. B. Natural rate of unemployment is 5.56 percent. C. Natural rate of unemployment is 5.88 percent. D. Natural rate of unemployment is 6.25 percent.

10. Suppose economists have found current job separation rate (s) and job finding rate () in the US are 5% and 85%. Then how much is the current natural rate of unemployment of the US? A. Natural rate of unemployment is 4.76 percent. B. Natural rate of unemployment is 5.56 percent. C. Natural rate of unemployment is 5.88 percent. D. Natural rate of unemployment is 6.25 percent.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 41CTQ: Unemployment rates have been higher in many European countries in recent decades than in the United...

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