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Consider an economy where people can be either employed (e) or unemployed (u) . Let’s normalize e+u=1 , so that at any given point in time, e is the fraction of people employed. Conditional on being employed today, the probability of getting fired is x ; and conditional on being unemployed today, the probability of finding a job is w .
(a) What is the employment rate tomorrow (et+1) if today’s employment rate is (et) ?.
(b) Derive the stationary rate of unemployment u in term of x and w .
(c) Suppose we find in the data that w= 0:8 and x= 0:10 , what is the stationary employment rate e?
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What You've Learned So Far: 5. By now, you have read the first four chapters of your textbook and have learned about many sociological concepts--the various types of data collection, components of culture, elements of socialization, social groups, et..
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If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.
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Suppose that annual income from a rental property is expected to start at $1,000 per year and increases at a uniform amount of $50 each year after the first year for the 10-year expected life of the property. Assume an interest rate of 10%/year. Assu..
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The risk premium it charges on its loans is classified as profits in economics.
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