If the fraction of employed workers who lose their jobs each month (the rate of job
Separation) is 0.01 and the fraction of the unemployed who find a job each month is 0.09 (the rate of job findings) , then the natural rate of unemployment is:
A) 1 percent.
B) 9 percent.
C) 10 percent.
D) about 11 percent.
Correct Answer:
Verified
Q2: In a steady state:
A) no hiring or
Q4: Frictional unemployment is inevitable because:
A) different sectors
Q6: If the steady-state rate of unemployment equals
Q9: Unemployment caused by the time it takes
Q11: The natural rate of unemployment in the
Q12: A typical worker in the United States
Q15: If the steady-state rate of unemployment equals
Q17: One reason for unemployment is that:
A) it
Q18: The macroeconomic problem that affects individuals most
Q19: Sectoral shifts:
A) lead to wage rigidity.
B) explain
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