Answer the following questions about your own experience in the labour force: a. When you or one
Question:
a. When you or one of your friends is looking for a part-time job, how many weeks does it typically take? After you find a job, how many weeks does it typically last?
b. From your estimates, calculate (in a rate per week) your rate of job finding f and your rate of job separation s.
c. What is the natural rate of unemployment for the population you represent?
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a In the example that follows we assume that during the school year you look for a parttim...View the full answer
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Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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