If we compare the Canadian natural unemployment rate to the U.S. natural unemployment rate, we find that for most years since 1980
A) the Canadian rate is higher, possibly the result of higher unemployment benefits in the United States for most of those years.
B) the U.S. rate is higher, possibly the result of greater job search within a larger country.
C) they are essentially the same because we have a lot in common.
D) the Canadian rate is higher, possibly the result of higher unemployment benefits in Canada for most of those years.
E) The U.S. rate is higher, possibly the result of more structural change occurring in the United States.
D
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List and describe the four positions held by monetarists that help to explain the monetarists view of the economy
The theory of efficiency wages provides a possible explanation as to why
a. workers form unions. b. firms should try to reduce surpluses of labor. c. firms may be inclined to keep their workers' wages above the equilibrium level. d. firms may be inclined to keep their workers' wages below the equilibrium level.