In the model of the steady-state unemployment rate with a fixed labour force, the rate of job finding equals the percentage of the _____ who find a job each month, while the rate of job separation equals the percentage of the _____ who lose their job each month.
A)labour force; labour force
B)labour force; unemployed
C)employed; labour force
D)unemployed; employed

Question

Quizplus · Accepted Answer

The rate of job finding refers to the percentage of unemployed individuals who find a job each month, while the rate of job separation refers to the percentage of employed individuals who lose their job each month.

In the Model of the Steady-State Unemployment Rate with a Fixed