Suppose employment is 139 million and unemployment is 9 million. Also, each month an average of 1.2 million unemployed quit looking for jobs, 1.6 million employed become unemployed, and 1.8 million new graduates start looking for jobs. If the average duration of unemployment is 3 months, what is the average number of unemployed becoming employed each month? (round to the nearest decimal in million) Answers: a. 1.2 b. All of the answers here are incorrect c. 1.4 • d. 1.8

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