Which of the following statements about the effect of unemployment on output in the U.S. economy is true?
A) The output lost due to unemployment changes each year.
B) The annual amount of output the economy lost due to unemployment was much higher in the late 1990s and early 2000s than in the 1930s.
C) The output of the economy would have more than doubled in the late 1990s and early 2000s if the unemployment problem had been solved.
D) all of the above.

Question

Quizplus · Accepted Answer

The output lost due to unemployment does indeed change each year, as it is influenced by various factors including economic conditions, technological advancements, and policy decisions. The amount of output lost due to unemployment is not constant and can vary significantly from one year to the next.

Which of the Following Statements About the Effect of Unemployment