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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?

To determine

Whether US unemployment rates are higher, lower or the same as that in other high-income countries is to be determined.

Explanation

The unemployment rates in US and in some of the other high-income countries are listed in the following table.

    Countries19911996200120062012
    US6.8%5.4%4.8%4.4%8.1%
    Canada9.8%8.8%6.4%6.2%6.3%
    Japan2.1%3.4%5.1%4.5%3.9%
    France9.5%12...

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