The city of Hope has a labor force of 1000.Twenty people lose their jobs each month and remain unemployed for exactly one month before finding jobs.On January 1,May 1,and September 1 of each year,50 people lose their jobs for a period of four months before finding new jobs.What is the unemployment rate in any given month?
A) 2%
B) 3%
C) 5%
D) 7%
Correct Answer:
Verified
Q87: Discouraged workers are discouraged because
A)their employers continue
Q88: How would each of the following events
Q89: The city of Hope has a labor
Q90: The _ is the number of unemployed
Q91: The city of Hope has a labor
Q93: How many people are employed if the
Q94: What is the unemployment rate if there
Q95: Cyclical unemployment is caused by
A)people entering the
Q96: The _ is the number of unemployed
Q97: Marginally attached workers
A)are not looking for work
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