Consider a simple model where workers can be either employed or unemployed. Suppose the labour force is L= 100 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? A. In steady state, 5 million workers are unemployed B. All of the other options C. In steady state, 38 million workers are employed D. In steady state, there are more workers losing their jobs than there are unemployed workers finding a job

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