Structural Unemployment Results When Wages Are, for Some Reason, Set

question 336

True/False

Structural unemployment results when wages are, for some reason, set above the level that brings supply and demand into equilibrium.

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Definitions:

Duplication

The act of making an exact copy of something; in genetics, it refers to a type of mutation where segments of DNA are repeated.

Postal Money Order

A financial instrument, purchased from a postal authority, used to pay a specified amount of money to someone else.

Endorsement

The act of giving one's public approval or support to someone or something, or in financial terms, the signature on the back of a check that allows it to be deposited or cashed.

Subtle Gradations

Fine or slight differences or variations within a range or series of elements or aspects.