unemployment rate is Suppose that the steady-state 13%. The number of vacancies relative to the labor force is 5%. Moreover, the separation rate is 3% per month. If the matching function in the labor market takes the form A√√V then the efficiency parameter of the matching technology (A) is equal to (Please round your answer to the nearest 2 decimal places.)

unemployment rate is Suppose that the steady-state 13%. The number of vacancies relative to the labor force is 5%. Moreover, the separation rate is 3% per month. If the matching function in the labor market takes the form A√√V then the efficiency parameter of the matching technology (A) is equal to (Please round your answer to the nearest 2 decimal places.)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 20SQ

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