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what is the correct answer? 38. Equilibrium unemployment refers to unemployment that A) arises in a cyclical downturn. B) occurs when trade unions set wages
what is the correct answer?
38. Equilibrium unemployment refers to unemployment that
A) arises in a cyclical downturn.
B) occurs when trade unions set wages at too high a level.
C) persists when the aggregate demand for labour is equal to the aggregate supply.
D) can only occur when aggregate demand equals aggregate supply.
E) occurs due to a lack of aggregate demand..
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