The most significant real economic cost of high unemployment is:
A) the money cost of unemployment insurance payments to the unemployed.
B) the lost tax revenue that might have been paid by persons if they had worked.
C) the difference in income between a person's lost job and her new job.
D) the potential goods and services that might have been produced but were not.
E) the number of people working in the underground economy.
Correct Answer:
Verified
Q22: The unemployment rate measures:
A)the number of unemployed
Q23: The figure below shows the total adult
Q24: High rates of unemployment are undesirable because:
A)they
Q25: If the number of officially employed and
Q26: The figure below shows the total adult
Q28: If the number of employed people equals
Q29: The figure below shows the total adult
Q30: In November 1995, the labor force in
Q31: If the number of employed persons in
Q32: A major macroeconomic goal of nearly every
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents