Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter 3, Problem 7NP

a)

To determine

The unemployment rate in the economy in a typical month.

b)

To determine

Th fraction of unemployment spells last for one month and for six months.

c)

To determine

The average duration of a completed spell of unemployment.

d)

To determine

The fraction of unemployed are suffering a long spell (six month) of unemployment on any date.

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