According to economists,why are high rates of unemployment undesirable?
A)Society loses potential production of goods and services.
B)The Employment Insurance program could go bankrupt.
C)They cause the incomes of those that are still working to fall.
D)Everyone has the right to a well-paying job.

Question

Quizplus · Accepted Answer

High rates of unemployment mean that a significant portion of the population is not contributing to the economy, resulting in a loss of potential production of goods and services. This leads to lower economic growth and increased costs for social support programs, which can create long-term negative impacts on society.

According to Economists,why Are High Rates of Unemployment Undesirable