What is the most significant real economic cost of high unemployment?
A)the potential goods and services that might have been produced but weren't
B)the lost tax revenue that might have been paid by persons if they had worked
C)the money cost of retraining persons to obtain new jobs
D)the money cost of unemployment insurance payments to the unemployed

Question

Quizplus · Accepted Answer

The most significant real economic cost of high unemployment is the potential goods and services that might have been produced but weren't. This is because unemployed individuals are not contributing to the production of goods and services, which leads to a decrease in the overall output of an economy. This can result in a decrease in the standard of living for individuals in the economy and can have long-term negative effects on economic growth.

What Is the Most Significant Real Economic Cost of High