High rates of unemployment
A) indicate that society is not using a large portion of the talent and skills of its people.
B) are associated with higher price levels.
C) always correspond to a decrease in nominal GDP.
D) do not affect an economy's output of goods and services.

Question

Quizplus · Accepted Answer

High rates of unemployment indicate that there are people who are willing and able to work but are unable to find employment. This means that valuable skills and talents are not being utilized, which is a waste of human potential and can have negative social and economic consequences.

High Rates of Unemployment