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High rates of unemployment are undesirable because they:
 
A. Lead to economic instability.
B. Are always associated with higher levels of crime and illness.
C. Cannot be reduced through government policy.
D. Are a cause of inflation.

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Joshua Stredder
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20 Oct 2020

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Related questions

A point on a nation's production possibilities frontier indicates:

a) levels of production that will cause both unemployment and inflation.

b) combinations of output that are unattainable. given the current stock of resources and technology.

c) that resources are fully utilized in producing the given combination of goods and services.

d) an undesirable combination of goods and services.

17) If the economy is in a long-run equilibrium when the Federal Reserve decides that its inflation target is too low and chooses to raise it, ________.

A) monetary policy would ultimately lead to higher potential output but real interest rates and inflation would be unaffected in the long run

B) monetary policy would ultimately lead to higher inflation but real interest rates and potential output would be unaffected in the long run

C) monetary policy would ultimately lead to higher interest rates but potential output and inflation would be unaffected in the long run

D) monetary policy would ultimately lead to higher interest rates, potential output, and inflation in the long run

 

18) A federal government deficit is said to exist in the event that ________.

A) federal outlays are less than federal revenues.

B) federal outlays are equal to federal revenues.

C) federal outlays are greater than federal revenues.

D) any of the above conditions exists.

 

19) Private saving + Government saving equals ________.

A) Taxes + Investment

B) Output minus Consumption

C) Government capital + human capital

D) Investment + Net exports

What are the higher rates of unemployment linked with?
 
A) Greater political stability because the employed tend to be more politically active. 
 
B) high crime rates as the unemployed seek to replace lost income. 
 
C) lower rates of heart disease as the unemployed have eliminated job stress 
 
D) improvements in overall health as the unemployed have more leisure time to be physically active. 
 

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