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Economics

Problem

1. Discuss how it is simultaneously possible for "most" unemployment to be due to short spells and for "most" unemployment to be accounted for by persons in very long spells.

2. Should a job seeker pursue a non-sequential or a sequential search strategy? Derive a job-seeker's asking wage. Discuss why the asking wage makes a worker indifferent between searching and not searching.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92761953

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