One explanation for the persistently high unemployment rates in Europe during the 1990s is that
A)unemployment rates have always been high in Europe
B)the United States has "exported" unemployment through its economic policies
C)the labor supply in Europe increased faster than labor demand increased
D)the labor supply in Europe increased while labor demand decreased
E)European labor demand decreased because of legislation that makes hiring a worker an almost irreversible decision

Question

Quizplus · Accepted Answer

European labor demand decreased due to legislation that made hiring decisions difficult to reverse, leading to cautious hiring practices and higher unemployment.

One Explanation for the Persistently High Unemployment Rates in Europe