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Business, 05.07.2021 19:30 norinashanleyc

The steady-state rate of unemployment is U/L = s/(s+f). Suppose that the unemployment rate does not begin at this level. Show that the unemployment rate will evolve over time and reach this steady state.

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The steady-state rate of unemployment is U/L = s/(s+f). Suppose that the unemployment rate does not...
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