=+8. Consider how unemployment would affect the Solow growth model. Suppose that output is produced according to

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=+8. Consider how unemployment would affect the Solow growth model. Suppose that output is produced according to the production function Y = K[(1 − u)L]

1 − , where K is

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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