1.1. Long-term, structural unemployment is higher in Europe than in the United States, but some European countries...

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1.1. Long-term, structural unemployment is higher in Europe than in the United States, but some European countries have it worse than others.

Take a look at Table 11.1. Spain has a lower fraction oflong-term unemployment than the other European countries, but a higher rate of unemployment than the other European countries in that table. What can we conclude about the kind of unemployment taking place in Spain?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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