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Fix a Small Typo in the Lake Model Lecture #277

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2 changes: 1 addition & 1 deletion lectures/lake_model.md
Original file line number Diff line number Diff line change
Expand Up @@ -212,7 +212,7 @@ Hence, the growth rate of $n_t$ is fixed at $1 + b - d$.

Moreover, the times series of unemployment and employment seems to grow at some stable rates in the long run.

### The application of erron-Frobenius theorem
### The application of Perron-Frobenius theorem

Since by intuition if we consider unemployment pool and employment pool as a closed system, the growth should be similar to the labor force.

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