"Depression means idleness.And idleness means loss of skills, loss of self-respect, plummeting morale, family disintegration, and sociopolitical unrest." This quote describes some of the
A)consequences of the hyperinflation that accompanies a recession.
B)reasons for the natural rate of unemployment.
C)noneconomic costs of unemployment.
D)characteristics of structural unemployment.

Question

Quizplus · Accepted Answer

The quote describes the noneconomic costs of unemployment, such as loss of skills, self-respect, morale, family disintegration, and sociopolitical unrest.

"Depression Means Idleness