Do not round any of your answers. Steady-StateUnemployment ProblemSuppose the rate of job finding (a) is 0.357, while the rate of job separation (B) is0.018.If there are 100,000 people in the (fixed) labor force and 6,000 of them areunemployed, the unemployment rate is currently equal topercent.Given the values for a and B, the number of people who find a job this month willequaland the number of people who lose or leave a job thismonth will equalBecause there are (more/fewer)people finding a job than losing or leaving one, the rate ofunemployment is expected to change until it reaches the steady-state equilibriumvalue of

Given : a=0.357 b=0.018 Fixed labor force=100,000 Unemployed=6000

Suppose the rate of job finding (a) is 0.357, while the rate of job separation (ß) is 0.018. If there are 100,000 people in the (fixed) labor force and 6,000 of them are unemployed, the unemployment rate is currently equal to percent. Given the values for a and ß, the number of people who find a job this month will equal and the number of people who lose or leave a job this month will equal Because there are (more/fewer) people finding a job than losing or leaving one, the rate of unemployment is expected to change until it reaches the steady-state equilibrium value of

Suppose the rate of job finding (a) is 0.357, while the rate of job separation (ß) is 0.018. If there are 100,000 people in the (fixed) labor force and 6,000 of them are unemployed, the unemployment rate is currently equal to percent. Given the values for a and ß, the number of people who find a job this month will equal and the number of people who lose or leave a job this month will equal Because there are (more/fewer) people finding a job than losing or leaving one, the rate of unemployment is expected to change until it reaches the steady-state equilibrium value of

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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