As compared to the estimates of the natural rate of unemployment for the United States, those for Europe are
A) the same.
B) higher.
C) lower.
D) higher and more variable.

Question

Quizplus · Accepted Answer

The estimates of the natural rate of unemployment for Europe are typically higher than those for the United States. One reason for this is that Europe tends to have more rigid labor markets and higher levels of structural unemployment due to factors such as unionization, minimum wage laws, and employment protection legislation.

As Compared to the Estimates of the Natural Rate of Unemployment