Unemployment causes a loss for society because:
A) businesses raise their prices to make up for lower sales.
B) individuals consume more because they spend fewer hours at work.
C) some goods that could have satisfied society's wants go unproduced.
D) all of the above.
Correct Answer:
Verified
Q169: Application 4.3, "A Tale of Two Families,"points
Q170: Increased productivity can benefit the economy by:
A)
Q171: An increase in productivity occurs when:
A) output
Q172: Which of the following statements about the
Q173: Possibly, the economy may have to trade
Q175: The economy is at full employment when
Q176: When a person is out of work
Q177: Which of the following statements is FALSE?
A)
Q178: Which of the following statements is true?
A)
Q179: When the inflation rate goes up, the
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