Which of the following about unemployment is true?
a. The unemployment rates of the major European economies have been lower than the United States during the last decade.
b. The natural rate of unemployment is unaffected by labor market regulations and other dimensions of public policy.
c. High unemployment rates over lengthy time periods are indicative of structural factors that are adversely affecting the natural rate of unemployment.
d. The unemployment rates of Spain and Italy were among the lowest in the world during the past two decades.
C
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During the 1980s, Harley-Davidson, the American motorcycle maker, asked Congress for tariff protection from large motorcycles imported from Japan
Harley-Davidson argued that their company needed protection so the company could reorganize and, after some time had passed, could become more competitive. Harley-Davidson's argument is similar to the ________ argument for protection. A) save domestic jobs B) national security C) anti-dumping D) infant-industry E) bring diversity and stability
Which period was not a recession in the United States?
A) 1974-1975 B) 1990-1991 C) 1984-1985 D) 2001