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The Costs of Unemployment

Question 56

Multiple Choice

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.

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