Business, 08.04.2020 03:27 Ab20600

The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary: a. explain how the job-loss and job-finding processes will differ from the situation when the la force is fixed. b. explain how interpretations of changes in the unemployment rate will become less clear

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The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed...

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