For a Number of Years Canada and Many European Countries

question 66

Multiple Choice

For a number of years Canada and many European countries have had higher average unemployment rates than the United States.The Phillips curve suggests that these countries

• A)have higher average inflation rates than the United States.
• B)have long-run Phillips curves to the right of the United States'.
• C)may have less generous unemployment compensation or lower minimum wages.
• D)All of the above are consistent with the evidence on unemployment rates.