Explain any five effects of unemployment on the overall growth of the economy.
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it block the growth rate of the economy. ...
Due to the unemployment, consumption and demand falls which lead to lack ivestment and further falls in the growth .
It leads to social issues where the unemployed youth become more of a liability than an asset for the economy .
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Explanation:
the SMC curve cut the AVC curve at the minimum point of the AVC curve
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