A key reason that unemployment in the United States is so low compared to most of Europe is because

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A key reason that unemployment in the United States is so low compared to most of Europe is because of ________ unemployment. a.

no structural b.

low frictional c.

no cyclical d.

high structural e.

low structural

If the monopsony model assumptions hold as predicted:: a.

the classical model of no actual involuntary unemployment is true. b.

a minimum wage can increase both wages and employment. c.

minimum wages are ineffective at raising entry level wages. d.

a minimum wage always creates unemployment and is harmful to the economy.

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