(c) This suggests that on average it takes an unemployed worker 4 months to find a job. During the Great Recession, the monthly job finding rate f = 0.25. true of false, explain more

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 2CQ
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During the Great Recession, the monthly job finding rate f = 0.25.
This suggests that on average it takes an unemployed worker 4 months to find a
job.
true of false, explain more
Transcribed Image Text:During the Great Recession, the monthly job finding rate f = 0.25. This suggests that on average it takes an unemployed worker 4 months to find a job. true of false, explain more
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