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Increase in labor income tax on equilibrium unemployment

Assignment Help Macroeconomics
Reference no: EM132422509

Problem: Use the one-sided search model we developed in class to answer the following questions. If you use any diagrams, clearly label the axes, all relevant curves and equilibrium quantities.

Required:

Question 1: Explain the effect of an increase in labor income tax on equilibrium unemployment rate.

Question 2: Suppose the government introduces legislation that increases the cost of ?ring workers. Explain the effect on equilibrium unemployment rate.

Question 3: Suppose the government extends the duration of employment insurance from 25 weeks to 50 weeks. Explain the effect on equilibrium unemployment rate.

Reference no: EM132422509

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