The divergent behavior of unemployment in the United States and Europe,especially in the 1990s,
A)has been ascribed to different structural characteristics of money markets in the two regions.
B)has been attributed to different structural characteristics of labor markets in the two regions.
C)cannot be explained for these two regions.
D)has been explained with different demographic factors in the two regions.

Question

Quizplus · Accepted Answer

The divergent behavior of unemployment in the United States and Europe in the 1990s has been attributed to different structural characteristics of labor markets in the two regions. The US had a more flexible labor market with lower levels of employment protection and stronger incentives for job creation, while Europe had more rigid labor markets with higher levels of employment protection and weaker incentives for job creation.

The Divergent Behavior of Unemployment in the United States and Europe,especially