Which of the Following Is a Cost Associated with Recessions

question 36

Multiple Choice

Which of the following is a cost associated with recessions and unemployment?

• A) increased real output
• B) the psychological harm done to the unemployed
• C) increased output in the future
• D) worsening of the nation's balance of payments

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Definitions:

Technical Skills

The abilities and knowledge needed to perform specific tasks, often involving hands-on work with technology, machinery, or specific techniques.

Team Performance

refers to the level of effectiveness and efficiency with which a team achieves its goals and objectives, often influenced by various internal and external factors.

Team Size

Refers to the number of members in a team, which can affect its dynamics, communication, and overall effectiveness.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.