Suppose that there are currently unemployed workers în some state. Each mðnth 8% of all those unemployed find jobs but another 1500 become unemployed. a) How many will be unemployed 6 months from now? (b) At what level will the number of unemployed workers stabilize over time?

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Suppose that there are currently 25,000 unemployed workers in some state. Each month
8% of all those unemployed find jobs but another 1500 become unemployed.
(a) How many will be unemployed 6 months from now?
(b) At what level will the number of unemployed workers stabilize over time?
Transcribed Image Text:Suppose that there are currently 25,000 unemployed workers in some state. Each month 8% of all those unemployed find jobs but another 1500 become unemployed. (a) How many will be unemployed 6 months from now? (b) At what level will the number of unemployed workers stabilize over time?
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