In the model of the steady-state unemployment rate with a fixed labor 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) labor force; labor force
B) labor force; unemployed
C) employed; labor 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