Question: Hi, please try answer ? i will vote for helpful as long its not short and not bad answer Q5. More on unemployment duration. (a)
Hi, please try answer ? i will vote for helpful as long its not short and not bad answer

Q5. More on unemployment duration. (a) Based on the job nding rate f a 5/0: + 5). what is the average duration - d - of unemployment for a worker who keeps searching until they nd a job? 1 u + s d = = f s (b) How is the average duration of unemployment affected by the unemployment rate? By the separation rate? As we can see in the formula from part (a) as well as the table from the previous ad ad question, E>0 (duration rises when the unemployment rate rises) and $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
