=+people, 10 percent experience a breakup of their relationship every month. Among uninvolved people, 5 percent enter

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=+people, 10 percent experience a breakup of their relationship every month. Among uninvolved people, 5 percent enter into a relationship every month. What is the steady-state fraction of residents who are uninvolved?

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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