Which of the following is not considered a cost of unemployment?
A)loss of self-respect by those who are unemployed
B)waste of the economy's resources
C)negative psychological effects on those who have lost their jobs
D)higher inflation rates
E)loss of income by those who are unemployed

Question

Quizplus · Accepted Answer

Higher inflation rates are not considered a cost of unemployment. The costs of unemployment are generally measured in terms of the negative impacts on individuals, society, and the economy, such as the loss of income, the waste of resources, and the negative psychological effects on those who are unemployed. Higher inflation rates may occur as a result of other factors, such as changes in aggregate demand, supply shocks, or monetary policy.

Which of the Following Is Not Considered a Cost of Unemployment