Consider an active population equal to 1000 people, the finding rate is 0.9 and the separation te is 0.1 (a) What is the Steady State unemployment rate? (b) If this month the unemployment rate is 0.90, what is the number of employed and unemployed next month? (c) What if this month the unemployment rate were 0.05?

Consider an active population equal to 1000 people, the finding rate is 0.9 and the separation te is 0.1 (a) What is the Steady State unemployment rate? (b) If this month the unemployment rate is 0.90, what is the number of employed and unemployed next month? (c) What if this month the unemployment rate were 0.05?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Consider an active population equal to 1000
people, the finding rate is 0.9 and the separation
te is 0.1
(a) What is the Steady State unemployment rate?
(b) If this month the unemployment rate is 0.90, what is the number of employed and
unemployed next month?
(c) What if this month the unemployment rate were 0.05?

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