Engineering, 18.11.2020 16:40 mandyleu

Answer the following questions about your own experience in the labor force. a. When you or one of your friends is looking for a part-time job, how many weeks does it typically take? After you find a job, how many weeks does it typically take?
b. From your estimates, calculate (in a rate per week) your rate of job finding, f, and your rate of job separation, s. (Hint: If f is the rate of job finding, then the average spell of unemployment is 1/f.)
c. What is the natural rate of unemployment for the population you represent?

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Answer the following questions about your own experience in the labor force. a. When you or one of...

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