A major difference between the costs of unemployment and the costs of inflation is that

Question

Quizplus · Accepted Answer

Unemployment costs tend to be concentrated among a few people, such as those who have lost their jobs, while inflation costs tend to be distributed more broadly across the population, as everyone is affected by the higher prices. Therefore, choice C is the best answer. Choices A and B are not accurate statements about these costs, and choice D is not exactly true since both costs are distributed throughout the population, but in different ways.

A Major Difference Between the Costs of Unemployment and the Costs