The costs of high unemployment are felt by individuals and the entire economy as well, result in lower production of goods and services, present economic hardships for individuals and can also include Social Consequences.
What is Unemployment Rate?
Even while economists and scholars make compelling cases for why a certain natural amount of unemployment cannot be eliminated, increased unemployment has a significant negative impact on the person, society, and the nation as a whole.Even worse, most costs are of the dead loss sort, meaning that there are no profits to balance out the costs that everyone must pay. The unemployment rate can be interpreted in many ways depending on how it is calculated. Additionally, underemployment can have a very negative impact on society's economy. People who work in low-paying or low-skill jobs that don't offer enough full-time hours to qualify for benefits or enough to make a living wage are included in the unemployment rate.
So, the corect option is e. all of the above.
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