An AC bridge circuit called the Maxwell-Wien bridge is used to precisely measure unknown inductors. The document describes a balanced Maxwell-Wien bridge where the capacitance is 120 nF, balancing resistor is 14.25 kΩ, source frequency is 400 Hz, and two fixed resistors are 1 kΩ each. Given this information, the inductance of the inductor being tested is calculated to be 120 mH and its resistance is 70.175 Ω.