Why do the European countries like France, Germany, Italy and Spain have higher unemployment rates than other industrialized nations?
A) Low interest rate and low capital formation
B) Minimum wages are lower in these European countries compared to the other industrialized nations
C) Trade unions are not so prominent in these European countries
D) Stringent policies adopted by the governments of these nations against the termination of workers by firms
E) Nominal wages are more flexible in these nations compared to the other industrialized nations
Correct Answer:
Verified
Q48: The figure given below reports the GDP
Q52: Which of the following would tend to
Q58: Technological advancements cause structural unemployment. However, they
Q59: At potential real GDP:
A)there is zero unemployment.
B)there
Q62: If the nominal interest rate is less
Q64: The table given below lists the
Q65: In the 1990s, the Danish government passed
Q75: The table given below reports the
Q78: The table given below reports the
Q79: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents