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The Unemployment Rate for Young Adults Is Higher in Australia,France,and

Question 193

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The unemployment rate for young adults is higher in Australia,France,and Spain than it is in the United States.To what extent can these differences be explained by
(A)the job-search approach?
(B)the job-rationing approach?
(C)the basic supply-and-demand model for the labor market?

Correct Answer:

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(A) According to the job-search approach...

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