One Major Reason That Economists Are Concerned About Unemployment Is

question 374

Multiple Choice

One major reason that economists are concerned about unemployment is that

• A) unemployment always leads to frictional unemployment.
• B) unemployment reduces the size of the labor force.
• C) unemployment shifts the production possibilities curve outward.
• D) the economy is producing less output than if there were full employment.

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Definitions:

Conflicts

Disagreements or clashes arising from differing interests, values, or beliefs among parties.

Compensate

involves providing something, often money, in exchange for a service or to make amends for loss.

Founders

Founders are individuals who establish and initially lead a business or organization, setting its mission, vision, and strategies.

Ventures

Entrepreneurial projects or businesses started by individuals or groups, often involving risk.