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Unemployment is the condition of one who is capable of working, actively seeking work, but unable to find any work.

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{\gamma[r+q+\theta m(\theta)]}{r+q+\gamma \theta m(\theta)}$$ where $z$ = unemployment benefit, $y$ = marginal product of labor, $\gamma$ = bargaining power of the worker, $r$ = interest rate, $q …
asked Apr 28 by Mark