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What (who) is underemployment equilibrium - definition
Underemployment equilibrium
ECONOMIC SITUATION
Overstaffing
In Keynesian economics, underemployment equilibrium is a situation with a persistent shortfall relative to full employment and potential output so that unemployment is higher than at the NAIRU or the "natural" rate of unemployment.
Equilibrium point
CONSTANT SOLUTION TO A DIFFERENTIAL EQUATION
Equilibrium points; Equilibrium solution; Point of Equilibrium
In mathematics, specifically in differential equations, an equilibrium point is a constant solution to a differential equation.
Competitive equilibrium
ECONOMIC EQUILIBRIUM CONCEPT
Walrasian equilibrium; Competitive Equilibrium
Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium introduced by Kenneth Arrow and Gérard Debreu in 1951K. Arrow, ‘An Extension of the Basic Theorems of Classical Welfare Economics’ (1951); G.
