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.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.