On Twitter, John Handley brought up Hong Kong's unemployment rate as a potential counterexample/problem for the dynamic equilibrium model which says (generally) the unemployment rate will fall when not subject to a shock like a recession.
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Dynamic equilibrium: unemployment in Hong…
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On Twitter, John Handley brought up Hong Kong's unemployment rate as a potential counterexample/problem for the dynamic equilibrium model which says (generally) the unemployment rate will fall when not subject to a shock like a recession.