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Title: Equilibrium unemployment refers to unemployment that Post by: D-john on May 19, 2020 Equilibrium unemployment refers to unemployment that
▸ persists when the aggregate demand for labour is equal to the aggregate supply. ▸ arises in a cyclical downturn. ▸ occurs when trade unions set wages at too high a level. ▸ can only occur when aggregate demand equals aggregate supply. ▸ occurs due to a lack of aggregate demand. Title: Equilibrium unemployment refers to unemployment that Post by: mnp2357 on May 19, 2020 Content hidden
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