Concerns about high unemployment
A)are not justified since most people find new employment in less than 3 months
B)are irrational since the government routinely provides unemployment benefits for more than one year
C)arise from its high costs in terms of lost output
D)stem from the fact that the costs of unemployment tend to be unevenly distributed
E)both C and D

Question

Quizplus · Accepted Answer

Concerns about high unemployment are justified because it has high costs in terms of lost output and the costs of unemployment tend to be unevenly distributed. While some people may find new employment quickly, others may struggle for a long time to find a job or face ongoing underemployment. Unemployment benefits provided by the government may help alleviate some of the financial strain for those who qualify, but they do not address the broader economic impacts of high unemployment.

Concerns About High Unemployment