Practice mode Aggregate Supply, Unemployment And Inflation

At any real wage, equilibrium unemployment is the gap between which two quantities?

Correct answer C. Those willing to work at the going wage, labour supply

Explanation

Equilibrium unemployment is the difference between the labour force and those willing to accept jobs at the going wage, so it reflects people choosing not to work at that wage.

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Answer checked 11 October 2026 How we write and check questions

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At any real wage, equilibrium unemployment is the gap between which two quantities?

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At any real wage, equilibrium unemployment is the gap between which two quantities?

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