Chapter 1. Chapter 7 – Problem 2
Step 1
Work It Out
true
true
You must read each slide, and complete any questions on the slide, in sequence.
Question
The residents of a certain dormitory have collected the following data: People who live in the dorm can be classified as either involved in a relationship or uninvolved. Among involved people, 5 percent experience a breakup of their relationship every month. Among uninvolved people, 20 percent enter into a relationship every month. What is the steady-state fraction of residents who are uninvolved?
Fraction of Residents Uninvolved = ChqTpUV1MCkha5rSW42WMQ== percent
Review Section 7-1 for a discussion of labor market transitions and the natural rate of unemployment.
2:59
