How has the natural rate of unemployment in Europe compared to the rate in the United States over the past few decades?
A) The rates in the two areas have been basically equal.
B) Europe's natural rate of unemployment has been higher than the U.S. rate.
C) Europe's natural rate of unemployment has been lower than the U.S. rate.
D) Europe's natural rate of unemployment was higher than the U.S. rate until 2005, and since then, it has been lower than the U.S. rate.
Correct Answer:
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