Question

explain any 3 consequences of unemployment

Answer 1

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here is your answer

1.Loss of income: Unemployment normally results in a loss of income.

2.Negative multiplier effects: The closure of a local factory with the loss of hundreds of jobs can have a large negative multiplier effect.


3.Loss of national output: Unemployment involves a loss of potential national output.

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Answer 2

1. Loss of income

2.The majority of the unemployed experience a decline in their living standards and are worse off out of work. ...

3.Loss of national output