This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For several years, the U.S. unemployment rate has been below the European unemployment rate. Offer a ... (Read 24 times)

abern

  • Hero Member
  • *****
  • Posts: 533
on: Jun 30, 2018
For several years, the U.S. unemployment rate has been below the European unemployment rate. Offer a Keynesian explanation for this.
 
  What will be an ideal response?

Question 2

Which statement is TRUE about a comparison of economic freedom with political freedom?
 
  A) Economic freedom is more important than political freedom when considering positive economic growth.
  B) Economic freedom leads to positive economic growth while political freedom leads to negative economic growth.
  C) Political freedom is more important than economic freedom when considering positive economic growth.
  D) Economic freedom cannot exist without political freedom.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blfontai

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

The aggregate supply curve in Europe is closer to horizontal than is the case in the United States. The labor market is less flexible in Europe due to higher unemployment benefits that reduce the incentive to work, and due to higher costs to firms for hiring workers.

Answer to Question 2

A


abern

  • Member
  • Posts: 533
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Monstrous people from distant lands depicted in a fifteenth-century European woodcut. Monstrous people from distant lands depicted in a fifteenth-century European woodcut.
World Population Growth, Past 10,000 years World Population Growth, Past 10,000 years
How Many Indians Perished with European Settlement? How Many Indians Perished with European Settlement?
How to solve rate problems leading to fractional equations (Question 2) How to solve rate problems leading to fractional equations (Question 2)
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Life Cycle Nutrition: Toddlers through the Later Years Life Cycle Nutrition: Toddlers through the Later Years
Video: Mitosis step-by-step

For a complete list of videos, visit our video library