If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, thenA. unemployment will be close to zero in 11 months.B. employment is 5,500,000 people.C. the yearly inflow to unemployment is 500,000 people.D. the average person will expect to be employed in about 5/11 of a month.E. the number of unemployed is 5,500,000 people.

Unemployment alludes to the condition of being without a paid job or occupation while effectively…

If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then OA. unemployment will be close to zero in 11 months. OB. employment is 5,500,000 people. OC. the yearly inflow to unemployment is 500,000 people. O D. the average person will expect to be employed in about 5/11 of a month. OE. the number of unemployed is 5,500,000 people.

If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then OA. unemployment will be close to zero in 11 months. OB. employment is 5,500,000 people. OC. the yearly inflow to unemployment is 500,000 people. O D. the average person will expect to be employed in about 5/11 of a month. OE. the number of unemployed is 5,500,000 people.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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