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.

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Definitions:

Inventory Units

The individual items or quantities of product a company has available for sale or use in production at any given time.

Future Goals

Objectives or targets that an individual or organization plans to achieve in a future time frame.

Planning

The process of creating strategies and setting objectives to guide an organization or individual toward achieving specific goals.

Directing

The managerial process of influencing people's behavior to achieve organizational goals.