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

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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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