If the steady-state rate of unemployment equals 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separations) is 0.02, then the fraction of unemployed workers who find jobs each month (the rate of job findings) must be:
A) 0.02.
B) 0.08.
C) 0.10.
D) 0.18.
Correct Answer:
Verified
Q4: Frictional unemployment is inevitable because:
A) different sectors
Q5: The natural rate of unemployment is:
A)the average
Q5: Economists call the changes in the composition
Q6: If the number of employed workers equals
Q6: A policy that decreases the job separation
Q6: If the steady-state rate of unemployment equals
Q7: In the model of the steady-state unemployment
Q8: Sectoral shifts:
A)lead to wage rigidity.
B)explain the payment
Q9: Frictional unemployment is unemployment caused by:
A) wage
Q12: One reason for unemployment is that:
A)it takes
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