Which of the following is one explanation for the persistently high unemployment rates in Europe during the 1990s?
A) hysteria over downsizing
B) the persistently high price levels
C) legislation that made it difficult to lay off workers
D) a continuing recession that lasted most of the decade
Correct Answer:
Verified
Q86: Q145: How would an adverse supply shock shift Q146: Q147: Suppose the economy is initially in long-run Q148: What is the definition of stagflation? Q149: Given the aggregate demand curve, what effects Q152: Given the aggregate demand curve, what effects Q153: Which of the following is one explanation Q154: Which of the following would shift the Q155: Which of the following supply shocks would
A) decreased
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