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Economics A Level (DONEEEEEEE)
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Pregunta:
What is Real Wage Unemployment? Use a Supply and Demand Diagram
Autor: eric_galvaoRespuesta:
-This is when Real Wages are Pushed ABOVE the Equilibrium Level of Employment [Supply = Demand] This is due to Trade Unions wanting Higher Wages, or the National Minimal Wage [NMW] -NMW above the Equilibrium Wage [Minimal Price] means there will be a Excess in Supply, and thus Unemployment between the Amount Supplied and Amount Demanded
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