Unemployment,at the aggregate level.,
A) is avoidable.
B) is part of a well-functioning economy.
C) is always a sign of market failure.
D) would not happen with good policy.

Question

Quizplus · Accepted Answer

Unemployment is a natural and inevitable part of a well-functioning economy. It can result from factors such as changes in technology, shifts in consumer demand, and fluctuations in the business cycle. While policies can aim to mitigate the negative impacts of unemployment, it cannot be completely avoided.

Unemployment,at the Aggregate Level