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Why is high unemployment considered a bad thing?

High unemployment means that a nation's resources are underutilized.  It also poses great psychological, economic, and social costs on unemployed individuals, as well as their families and their communities.  It is linked with higher rates of depression, suicide, domestic violence, and lack of social cohesion. 

 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9575205

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