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What is the average duration of unemployment
Course:- Microeconomics
Reference No.:- EM13700148





Assignment Help >> Microeconomics

In a country with a labor force of 200 people, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed.

A. What is the country’s unemployment rate?

B. What is the average duration of unemployment?




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