The dominant view expressed in Europe in the early 1990s
A) was that low European unemployment was the result of labor market rigidities.
B) was that high European growth rates were the result of labor market rigidities.
C) was that high European inflation was the result of labor market rigidities.
D) was that high European unemployment was the result of labor market rigidities.

Question

Quizplus · Accepted Answer

The dominant view in Europe during the early 1990s was that high unemployment rates were primarily due to labor market rigidities, such as stringent labor laws and regulations that made it difficult for employers to hire and fire workers, leading to less flexibility in the labor market.

The Dominant View Expressed in Europe in the Early 1990s