Which of the following is TRUE of unemployment?
A) It is defined as the number of people actively looking for work who do not have jobs.
B) The result is that the economy operates inside its production possibilities curve.
C) There are psychological consequences associated with unemployment.
D) All of the above.

Question

Quizplus · Accepted Answer

A) This is a correct definition of unemployment. 
B) This statement is incorrect. When the economy is operating below its production possibilities curve, it is said to be experiencing unemployment.
C) Unemployment can have psychological consequences such as depression, anxiety, and stress. 
Therefore, all of the above statements are true.

Which of the Following Is TRUE of Unemployment