If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then OA. unemployment will be close to zero in 11 months. OB. employment is 5,500,000 people. OC. the yearly inflow to unemployment is 500,000 people. O D. the average person will expect to be employed in about 5/11 of a month. OE. the number of unemployed is 5,500,000 people.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then
A. unemployment will be close to zero in 11 months.
B. employment is 5,500,000 people.
C. the yearly inflow to unemployment is 500,000 people.
D. the average person will expect to be employed in about 5/11 of a month.
E. the number of unemployed is 5,500,000 people.
Transcribed Image Text:If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then A. unemployment will be close to zero in 11 months. B. employment is 5,500,000 people. C. the yearly inflow to unemployment is 500,000 people. D. the average person will expect to be employed in about 5/11 of a month. E. the number of unemployed is 5,500,000 people.
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