If the economy is currently experiencing a high unemployment rate,the greatest cost is
A) extra government spending
B) rewarding those who do not work but collect government benefits
C) lost output
D) the cost of job searching
E) the extra cost of funding job fairs

Question

Quizplus · Accepted Answer

When the economy experiences a high unemployment rate, the greatest cost is usually the lost output. Unemployment means there are fewer people contributing to the economy, and therefore, less output and productivity. This reduction in output can have long-term implications for economic growth and lead to lower living standards for individuals and families. The other options may also incur costs, but they are not usually as significant as the cost of lost output.

If the Economy Is Currently Experiencing a High Unemployment Rate,the