"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 is discussing the non-economic costs or consequences of depression/idleness, which include loss of skills, self-respect, morale, family problems, and social unrest. This is not specifically related to hyperinflation, the natural rate of unemployment, or structural unemployment.

"Depression Means Idleness