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D-john D-john
wrote...
Posts: 536
4 years ago
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.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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mnp2357mnp2357
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Posts: 404
4 years ago
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D-john Author
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4 years ago
This helped my grade so much Perfect
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Helped a lot
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Thanks
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