Economics A-Level
Real wage unemployment
What Real wage unemployment means in Economics A-Level, as defined for AQA.
Definition of Real wage unemployment
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Reference: AQA
Occurs when real wages are forced above the market-clearing equilibrium level, causing labour supply to exceed labour demand.
Topics that use Real wage unemployment
- Employment and unemployment (AQA A-Level)
Related terms
- Causes of unemployment
- Claimant Count
- Cyclical unemployment
- Frictional unemployment
- Labour Force Survey
- Labour market rigidities
- Labour mobility
- Living standards
Using Real wage unemployment in the exam
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