The costs of unemployment
A) consist solely of potential output forgone by society.
B) may often include despair and damage to an individual's self-image.
C) pertain solely to frictional unemployment.
D) are permanently high according to the classical theory.
E) are almost impossible to quantify because there is little agreement as to a common definition of full employment.
Correct Answer:
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Q51: When actual output is below potential output
A)
Q52: According to U.S.government figures,an unemployed person is
Q53: The gap between actual and potential output
A)
Q54: Since 1945,the average annual unemployment rate in
Q55: In the U.S.economy,each percentage point change in
Q57: Since World War I,the highest unemployment rates
Q58: The view that unemployment becomes increasingly severe
Q59: The major component of the 9.5 percent
Q60: People actively looking for work who CANNOT
Q61: In the classical model,achieving a full-employment level
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