Understanding Unemployment Differences across Countries. A student looking at Figure 6.2 on page 145 argues that Spain must have very high cyclical unemployment compared to Japan because the Spanish...

Understanding Unemployment Differences across Countries. A student looking at Figure 6.2 on page 145 argues that Spain must have very high cyclical unemployment compared to Japan because the Spanish unemployment rate is so high. Explain why the student could be right or could be wrong.