When unemployment exists in the economy,then the economy

Name: When unemployment exists in the economy,then the economy
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If there is unemployment in the economy, it means that the economy is producing below its potential (i.e. inside the production possibilities boundary). This is because there are workers who are willing and able to work, but there are not enough employment opportunities for them. Inflation, excess demand, and perfect equilibrium are not necessarily linked to unemployment.

When Unemployment Exists in the Economy,then the Economy