Economics B A-Level
Low unemployment
What Low unemployment means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Low unemployment
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Reference: Pearson Edexcel
A key macroeconomic objective indicating that an economy is operating near its full productive capacity, with working-age individuals actively seeking work but without a job kept to a minimum.
Topics that use Low unemployment
- Possible macroeconomic objectives (Pearson Edexcel A-Level)
Related terms
- Current account
- Current account surplus
- Economic growth
- Equilibrium
- International competitiveness
- Living standards
- Macroeconomic objectives
- Persistent current account deficit
Using Low unemployment in the exam
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