The model of the steady-state rate of unemployment assumes

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The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary:

1 please tell me how the job-loss and job-finding processes will differ from the situation when the labor force is fixed.

2 and how interpretations of changes in the unemployment rate will become less clear?

Reference no: EM13742090

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