In Figure 1.7, the unemployment rate in Canada did not change much from 2014 to 2016, but
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In Figure 1.7, the unemployment rate in Canada did not change much from 2014 to 2016, but the U.S. unemployment rate continued to fall. Why do you think this happened?
Figure 1.7:
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10 9. United States Canada 4 2008 2009 2010 2011 2012 2013 2014 2015 2016 Year Unemployment Rate in Percent
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This may have been due to the fact that Canada is more dependent on natural resources for example oil and gas production than is the United States and world oil prices fell significantly beginning in mid2014 depressing natural resource ...View the full answer
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