Answer to Question #157156 in Microeconomics for Sean Masuku

Question #157156

Each month,
1% of employed workers lose their jobs (s = 0.01)
19% of unemployed workers find jobs (f = 0.19)
Find the natural rate of unemployment:

Expert's answer

"\\frac{U}{L}=\\frac{s}{s+f}=\\frac{0.01}{0.01+0.19}=0.05, or" "5\\%"

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