Smith, Ron (contributor); Gylfi Zoega (contributor) - 2007
unemployment adjusts to it. Investment is
mostly ignored as a key variable behind the problem of high unemployment, despite a … needed for the probability calculus
to apply.
To avoid the problem of thinking of all the possible states, it is usual … being able to enumerate the states of
the world. It does not, however, fully circumvent the problem of calculating expected …