The Natural Rate of Unemployment Has Increased in the United

question 266

Essay

The natural rate of unemployment has increased in the United States and Europe over the last twenty years. What are things that could account for this?

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Definitions:

Canadian Dollar

The official currency of Canada, often represented by the symbol CAD or $CA, and used throughout the Canadian economy.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency around the world.

Absolute Purchasing Power Parity

A theory that posits currencies are at an equilibrium in exchange rates when they hold equal purchasing power in their respective countries.

Computer Retailer

A business or individual that sells computer hardware, software, and related accessories and services to consumers.