Unformatted text preview: s – is the fraction of employed workers that become separated from their jobs. s is called the rate of job separations. So s(L-U) is the number of people who lose their job in a period....
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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.
- Spring '11