Lecture 7 11

Lecture 7 11 - Simple Dynamic Model of Unemployment Thus: U...

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Simple Dynamic Model of Unemployment L U L L L U u L L U U u Δ Δ = Δ Δ = Δ d b L L = Δ Since the growth rate of the labor force is the difference between birth and death rates:
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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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