In 2012, the Likelihood of Experiencing a Spell of Unemployment

question 21

Multiple Choice

In 2012, the likelihood of experiencing a spell of unemployment lasting at least 12 months

• A)was roughly the same in the United States as it was in Europe.
• B)was much lower in the United States than in Europe.
• C)was much higher in Europe than in the United States with all European countries having at least 30 percent of their unemployed experiencing a spell of unemployment of at least 12 months.
• D)varied substantially across European countries, with some rivaling the United States but many others being much higher than in the United States.
• E)varied substantially across European countries, with some rivaling the United States but many others being much lower than in the United States.

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Definitions:

Union Avoidance Strategy

Tactics employed by employers to prevent the formation or influence of labor unions within their organizations.

Participatory Management

An approach in management where employees at all levels are encouraged to contribute ideas towards identifying and solving problems related to their work.

Legal Environment

The framework of laws, regulations, and court decisions that influence the operations of businesses and organizations.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.