Lecture 7 7

Lecture 7 7 - Or, the change in unemployment: t t X E U −...

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Simple Dynamic Model of Unemployment X E U U + = ' Let E be the number of people entering unemployment and X be the number of people leaving unemployment, so the number of people unemployed (U) is:
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Unformatted text preview: Or, the change in unemployment: t t X E U − = Δ...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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