Define equilibrium effects of given in the dmp model

Reference no: EM132199112

Question: Suppose that the government decides to give a subsidy s to firm that hires a new worker. What are the equilibrium effects of this in the DMP model? (Determine how j, Q, u, v, Y, w, and total surplus change.) J=market tightness, Q=labor force, u=unemployment rate, v=vacancy rate, Y=output, w=wage.

Reference no: EM132199112

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