Question
Below is the natural unemployment rate in 2020 for U.S., Canada, and the European Union Area: Natural unemployment rate in U.S. was 4.4 % Natural
Below is the natural unemployment rate in 2020 for U.S., Canada, and the European Union Area:
Natural unemployment rate in U.S. was 4.4 %
Natural unemployment rate in Canada was 9.75 %.
Natural unemployment rate in the European Union Euro Area was 7.9 %.
What might explain the lower natural rate of unemployment in United States than in Canada and Western European countries? Explain with words + graph.
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
