Why the natural rate of unemployment is lower


The natural rate of unemployment and the cyclical unemployment are sometimes hard to distinguish from each other, so economists are not very confident about calculates of the natural rate of unemployment. Still, since unemployment rates are consistently higher in Canada and the most Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

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Macroeconomics: Why the natural rate of unemployment is lower
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