10.14. Consider the model of Section 10.6. Suppose the economy is initially in equilibrium, and that y...

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10.14. Consider the model of Section 10.6. Suppose the economy is initially in equilibrium, and that y then falls permanently. Suppose, however, that entry and exit are ruled out; thus the total number of jobs, F + V, remains constant.

How do unemployment and vacancies behave over time in response to the fall in y?

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Advanced Macroeconomics

ISBN: 9780073511375

4th Edition

Authors: David Romer

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Question Posted: Nov 14, 2024 06:00 AM

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10.14. Consider the model of Section 10.6. Suppose the economy is initially in equilibrium, and that y...

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Advanced Macroeconomics

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