A Key Barrier to Labor Mobility Within Europe Is

question 12

Multiple Choice

A key barrier to labor mobility within Europe is

• A) the laziness of Germans.
• B) full employment in most European countries.
• C) differences in language and culture.
• D) lack of transportation.
• E) the physical barriers in the landscape.

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Definitions:

Keynes

Refers to John Maynard Keynes, a British economist whose theories on government spending and monetary policy influenced modern macroeconomics.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically reflected by the absence of cyclical unemployment.

Equilibrium

Equilibrium is a state in which all forces or influences are balanced, in economic terms, it refers to the point where supply equals demand, resulting in market stability.

Spending Multiplier

The ratio of the change in total output induced by an autonomous change in aggregate spending to the size of that autonomous change.