If the wage is kept above the equilibrium level for any reason, the result is unemployment.

Name: If the wage is kept above the equilibrium level for any reason, the result is unemployment.
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When the wage is kept above the equilibrium level, the quantity of labor supplied by workers exceeds the quantity of labor demanded by employers, leading to unemployment because there are more workers willing to work at that wage than there are jobs available.

If the Wage Is Kept Above the Equilibrium Level for Any