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

question 15

Multiple Choice

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

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Definitions:

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