If the Wage Is Kept Above the Equilibrium Wage for Any

question 345

True/False

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

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Definitions:

Notebooks

Books with blank pages used for writing, drawing, or recording notes.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Demand Curve

A visual chart that displays how the demand for a product varies with its price.

Determinants

Factors that cause changes in the behavior of an economic variable, influencing outcomes in economic models and systems.