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    The Cost of Unemployment To The Economy

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    Yvette Marie Yaneza Nicolas
    Unemployment imposes significant costs on individuals, society, and countries through both direct and indirect means. While a natural level of unemployment cannot be avoided, elevated levels of unemployment spread costs widely without offsetting benefits. These costs are borne by all as a result of unemployment levels being too high.

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    The Cost of Unemployment To The Economy

    Uploaded by

    Yvette Marie Yaneza Nicolas
    18 views1 page
    Unemployment imposes significant costs on individuals, society, and countries through both direct and indirect means. While a natural level of unemployment cannot be avoided, elevated levels of unemployment spread costs widely without offsetting benefits. These costs are borne by all as a result of unemployment levels being too high.

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    Unemployment imposes significant costs on individuals, society, and countries through both direct and indirect means. While a natural level of unemployment cannot be avoided, elevated levels of unemployment spread costs widely without offsetting benefits. These costs are borne by all as a result of unemployment levels being too high.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    18 views1 page

    The Cost of Unemployment To The Economy

    Uploaded by

    Yvette Marie Yaneza Nicolas
    Unemployment imposes significant costs on individuals, society, and countries through both direct and indirect means. While a natural level of unemployment cannot be avoided, elevated levels of unemployment spread costs widely without offsetting benefits. These costs are borne by all as a result of unemployment levels being too high.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The cost of unemployment to the economy

    Unemployment is universally recognized as undesirable. While economists and


    academics make convincing arguments that there is a certain natural level of
    unemployment that cannot be erased, elevated unemployment imposes significant
    costs on the individual, the society and the country. Worse yet, most of the costs are of
    the dead loss variety where there are no offsetting gains to the costs that everyone
    must bear.

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