According to Economists,why Are High Rates of Unemployment Undesirable

question 155

Multiple Choice

According to economists,why are high rates of unemployment undesirable?

• A)Society loses potential production of goods and services.
• B)The Employment Insurance program could go bankrupt.
• C)They cause the incomes of those that are still working to fall.
• D)Everyone has the right to a well-paying job.

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Definitions:

U.S. Prices

A general term referring to the level of prices or cost of living in the United States, often assessed through indicators like the Consumer Price Index.

Vertical Axis

In a graph or chart, the y-axis along which numerical values are plotted to measure the outcome variable.

Price Level

The current mean cost of goods and services across the full economic production.

Money Demand

The desired holding of financial assets in the form of money, which varies inversely with the interest rate.