Why are high rates of unemployment of concern to economists?
A)Higher rates of unemployment generally lead to higher inflation rates.
B)Environmental destruction is more prevalent when unemployment rates are high.
C)There is lost output that could have been produced if the unemployed had been working.
D)All of these options are reasons why economists are concerned about high unemployment rates.

Question

Quizplus · Accepted Answer

High unemployment means that the economy is not utilizing its labor resources fully, leading to lost potential output and economic inefficiency.

Why Are High Rates of Unemployment of Concern to Economists