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Suppose the Parliament passes legislation making it more difficult for firms to fire workers (an example is a law requiring severance pay to fired workers). If this legislation reduces the rate of job separation without affecting the rate of job finding, how would the natural rate of unemployment change? Do you think that it is plausible that legislation would not affect the rate of job finding? Evaluate

Suppose the Parliament passes legislation making it more difficult for firms to fire workers (an example is a law requiring severance pay to fired workers). If this legislation reduces the rate of job separation without affecting the rate of job finding, how would the natural rate of unemployment change? Do you think that it is plausible that legislation would not affect the rate of job finding? Evaluate

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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5. Suppose the Parliament passes legislation making it more difficult for firms to fire workers (an example is a law requiring severance pay to fired workers). If this legislation reduces the rate of job separation without affecting the rate of job finding, how would the natural rate of unemployment change? Do you think that it is plausible that legislation would not affect the rate of job finding? Evaluate
Transcribed Image Text:5. Suppose the Parliament passes legislation making it more difficult for firms to fire workers (an example is a law requiring severance pay to fired workers). If this legislation reduces the rate of job separation without affecting the rate of job finding, how would the natural rate of unemployment change? Do you think that it is plausible that legislation would not affect the rate of job finding? Evaluate
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