In an economy, if 5 percent of the employed lose their job every month (s = 0.05) and 15 percent of the unemployed find a job every month (f = 0.15), what is the steady rate of unemployment of the economy?

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The Answer of In an economy, if 5 percent of the employed lose their job every month (s = 0.05) and 15 percent of the unemployed find a job every month (f = 0.15), what is the steady rate of unemployment of the economy?

In an Economy, If 5 Percent of the Employed Lose