classical unemployment

名词 n.
中文释义

英文释义

名词 n.
  1. The component of overall unemployment caused by too high wage expectations. uncountable
    — There can be "Keynesian" and "classical" unemployment. Indeed there can be both at the same time: the real wage might be too high to allow full employment with existing capital stock, while at the same time aggregate demand is inadequate to take off the market what firms would wish to produce. Changes in the real wage could have demand-side and supply-side effects.
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