Steady-state unemployment rate with separation rate

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If the economy were at a steady-state unemployment rate with a separation rate of 0.04 per month and a job-finding rate of 0.15 per month, and the labor force was 200 million,

-How many individuals would lose their jobs each month?

-What is the natural rate of unemployment?

-If the rate of job separation becomes doubled, what will be the new natural rate of unemployment?

Reference no: EM131203652

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