Which of the Following Is True

Multiple Choice

Which of the following is true?

A) The unemployment rates of the major European economies were substantially lower than in the United States during the last decade.
B) High unemployment rates over lengthy time periods are indicative of structural and regulatory factors that are exerting an adverse impact on the natural rate of unemployment.
C) The natural rate of unemployment is unaffected by changes in the age composition of the labor force (for example,an increase in the relative number of youthful workers) .
D) Institutional changes such as an increase in the minimum wage may increase cyclical unemployment but will not affect the natural rate of unemployment.