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

question 27

Multiple Choice

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

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Definitions:

Transience

The tendency for memory and other cognitive processes to diminish over time, leading to forgetting or the loss of information.

Recognition

The process of identifying something previously seen, heard, or experienced through memory.

Recall

The mental process of retrieving information from the past, without being re-exposed to it in the present.

Engram

A hypothetical means by which memory traces are stored as biophysical or biochemical changes in the brain in response to external stimuli.