Costs of Unemployment Include

question 97

Multiple Choice

Costs of unemployment include

• A) structural unemployment.
• B) the output lost due to the fact that the economy is not running at full employment.
• C) reduction in the labor force.
• D) higher wages.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Blue Currency

Informal term possibly referring to a foreign currency held in accounts outside the country of origin, often in a stronger, more stable currency.

Ambrosia

In classical mythology, the food of the gods, believed to convey immortality; in contemporary contexts, a type of fruit salad.

Bubble Gum

A kind of bubble gum made to be blown into a bubble outside the mouth.