During the Global Economic Crisis, the increase in the unemployment rate in Europe was
A) equal to that in the United States.
B) less than that in the United States.
C) greater than that in the United States.
D) impossible to compare given that Europe did not experience crises.
B
Economics
You might also like to view...
Which of the following explains why the aggregate demand curve is downward sloping?
A) the open economy effect B) the real-balance effect C) the interest rate effect D) all of the above
Economics
A lower nominal money supply is equally demanded, given each interest rate, at a ________ level of income, meaning that the LM curve has shifted to the ________
A) higher, left B) higher, right C) lower, left D) lower, right
Economics