Question

Would you expect the natural rate of unemployment to be roughly the same in different countries?

a) True
b) False

Answer 1

False. The natural rate of unemployment can vary between different countries due to differences in economic policies, labor market regulations, and cultural factors.

Step-by-step explanation:

The natural rate of unemployment can vary between different countries due to differences in economic policies, labor market regulations, and cultural factors. These factors can affect the willingness of firms to hire and the ability of workers to find employment.

For example, European countries like France and Germany tend to have higher natural rates of unemployment compared to the United States, primarily due to a larger number of rules and restrictions that discourage firms from hiring and unemployed workers from taking jobs.