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A recent strike by the labor unions, in the U.S., led to a huge change in the working environment. As a result, not only were employees provided better working conditions and higher salary, but also guaranteed long term job security.

a. Would this affect the rate of job separation or/and the rate of job finding?

b. How would the natural rate of unemployment change based on your discussions in Part A?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91927175

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