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.
Correct Answer:

Verified
Correct Answer:
Verified
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