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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With C
  5. Classical Unemployment

Classical Unemployment

Definition of 'Classical Unemployment'

The unemployment created when then wage is deliberately maintained above the level at which the labour supply and labour demand schedules intersect.

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Related Terms

Classical Tax SystemFrictional UnemploymentVoluntary UnemploymentBusiness CycleInvoluntary UnemploymentStagflationSupply-Side EconomicsUnemploymentUnemployment Rate

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