Explain the model of labor flows (bathtub model). Define the job separation and the job finding rates. How are these rel

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Explain the model of labor flows (bathtub model). Define the job separation and the job finding rates. How are these rel

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Explain the model of labor flows (bathtub model). Define the job
separation and the job finding rates. How are these related to job
creation and job destruction? How is the
natural rate of unemployment determined in the model? How does a
rise in the job finding rate affect unemployment? An increase in
the job separation rate?
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