If the Steady-State Rate of Unemployment Equals 0

question 8

Multiple Choice

If the steady-state rate of unemployment equals 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separation) is 0.02, then the fraction of unemployed workers who find jobs each month (the rate of job findings) must be:

• A)0.02.
• B)0.08.
• C)0.10.
• D)0.18.

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