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Use the theories of job rationing and job search to explain why the natural rate of...

Use the theories of job rationing and job search to explain why the natural rate of unemployment in the United States is lower than that in France. What can the French government do to try to remedy this situation? Might these remedies be politically unpopular?

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The average job search requires less time in usa than in France. Further there is job rationing in France. Minimum wage is high, labour unions are too powerful. Also some other reasons have been cited like it is said old magnitude of variables tend to effect new variables. Since unemployment level was higher in europe than in usa, New values tend to be higher

The French govt can introduce restrictions on labour unions, decrease minimum wage, decrease social welfare benefits like unemployment payments. But these remedies will be highly unpopular

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