a Suppose the layoff rate is 0 02 and the average duration of a spell of unemployment is four and one half months Using Equation 10 4, what is the equilibrium unemployment rate in this economy b Suppose that an increase in employment insurance benefits causes the separation rate to increase to 0 0...

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a. Suppose the layoff rate is 0.02 and the average duration of a spell of unemployment...

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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a. Suppose the layoff rate is 0.02 and the average duration of a spell of unemployment...

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Macroeconomics

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