Question: Suppose that Congress passes legislation making it more difficult for firms to fire workers (for example, requiring extended severance pay for fired workers). a. If

Suppose that Congress passes legislation making it more difficult for firms to fire workers (for example, requiring extended severance pay for fired workers). a. If this legislation reduces the rate of job separation without affecting the rate of job finding, how would the natural rate of unemployment change? Explain. b. Some economists argue that it is unreasonable to assume this policy will not affect the rate of job finding. Are they likely to think it will increase it or decrease it? Explain

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