"Depression means idleness. And idleness means loss of skills, loss of self-respect, plummeting morale, family disintegration, and sociopolitical unrest." This quote describes some of the:
A) Consequences of the hyperinflation that accompanies a recession
B) Reasons for the natural rate of unemployment
C) Noneconomic costs of unemployment
D) Characteristics of structural unemployment

Question

Quizplus · Accepted Answer

The quote specifically mentions depression and idleness as leading to non-economic costs such as loss of skills, self-respect, family disintegration, and sociopolitical unrest. It is not necessarily related to hyperinflation or the natural rate of unemployment, and while structural unemployment can lead to loss of skills, the quote is not specific to that type of unemployment.

"Depression Means Idleness