Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0. Then, suppose that
Posted: Wed Jul 06, 2022 6:35 pm
Suppose the labour force of an economy is equal to 1,000 and theunemployment on December 2010 is 0. Then, suppose that in January2011 and every month that follows, 59 workers become unemployed for1 month, 38 become unemployed for 2 months, 27 become unemployedfor 3 months and 13 become unemployed for 14 months.
In what month and year will the economy reach its steadystate?
In what month and year will the economy reach its steadystate?