0
Disequilibrium unemployment, also known as real wage unemployment or classical unemployment exists primarily for 2 reasons: 1) trade unions or labor organizations bargain for higher wages, or 2) government mandates some minimum wages.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are the types of disequilibrium in bop?
There are 3 types of disequilibrium's in balance of payments:- 1) cyclical disequilibrium 2) secular disequilibrium 3) structural disequilibrium structural disequilibrium at:-a) goods level b) at factors level
How do you correct disequilibrium?
How do you correct disequilibrium?
What types of unemployment exist?
Unemployment is split into these types: demand-deficient unemployment, frictional unemployment, and structural unemployment
When there is excess demand there is .?
There is the need for more products in the market.
What has the author Katsuhito Iwai written?
Katsuhito Iwai has written: 'Kaheiron' 'Disequilibrium dynamics' -- subject(s): Equilibrium (Economics), Inflation (Finance), Keynesian economics, Mathematical models, Unemployment
What is metabolic disequilibrium?
Metabolic disequilibrium is one of the defining features of life. A cell with metabolic disequilibrium provides the driving force for the indispensable reactions required for life.
What will always exist in any economic system?
UNEMPLOYMENT.
What form of unemployment does not exist according to Say?
Cyclical
When do disequilibrium occurs?
dts
What form of unemployment does not exist according to says law?
Stuctural
What conditions is least likely to exist in a recession or depression?
less unemployment
What do you mean by structural disequilibrium in bop?
structural disequilibrium denotes change in the economic structure of any state where the balance of payment was previously favourable.
