Question: Consider a labour market in which there are simultaneous increases in the disutility cost of working and in the separation rate. Using the extended WS-PS/Beveridge

Consider a labour market in which there are simultaneous increases in the disutility cost of working and in the separation rate. Using the extended WS-PS/Beveridge curve model, as we presented them in our module, illustrate and explain what is the impact of these simultaneous increases on the rate of unemployment and on the vacancy rate.

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