The Data Suggest That in the European Union Countries, the Natural

question 49

Multiple Choice

The data suggest that in the European Union countries, the natural rate of unemployment:

• A) is no longer a relevant concept.
• B) has become less "natural", since it is now almost entirely determined by the policies of a few large corporations.
• C) has steadily declined over the past three decades.
• D) is now higher than its Australian counterpart.
• E) will soon exceed the percentage of the labour force that is working.