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

Name: If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.
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Structural unemployment occurs when there is a mismatch between the skills of the workforce and the demands of the job market, often due to wages being set above the equilibrium level, leading to a surplus of labor.

If the Wage Is Kept Above the Equilibrium Wage for Any