Output that could have been produced last year by those resources that were unemployed
A)has to be made up by producing more this year.
B)demands a sense of trust that a recovery cycle will double output in the following year.
C)adds to long-run cost because of the need for retraining.
D)is lost forever and can never be made up.

Question

Quizplus · Accepted Answer

The output that could have been produced by resources that were unemployed in a given year is considered lost forever because time has passed and those specific opportunities for production cannot be recovered or made up in future periods.

Output That Could Have Been Produced Last Year by Those