How does unemployment hurt an economy? Check all that apply.

Unemployed people usually buy fewer things.

Unemployed people may not be able to repay their loans.

Unemployed people are not looking for jobs.

Unemployed people have increased buying power.

Unemployed people may have to change their financial goals.

Question

Ada Burton

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1 December, 23:20

How does unemployment hurt an economy? Check all that apply.

Unemployed people usually buy fewer things.

Unemployed people may not be able to repay their loans.

Unemployed people are not looking for jobs.

Unemployed people have increased buying power.

Unemployed people may have to change their financial goals.

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Answers (2)

Know the Answer?

Kyra Contreras · Answer 1

Unemployed people usually buy fewer things.

Unemployed people may not be able to repay their loans.

Unemployed people may have to change their financial goals.

Explanation:

How does unemployment hurt an economy? Check that all apply.

Anna Conley · Answer 2

The correct answers are A) Unemployed people usually buy fewer things. B) Unemployed people may not be able to repay their loans. E) Unemployed people may have to change their financial goals.

Unemployment hurts an economy in the following ways: unemployed people usually buy fewer things, unemployed people may not be able to repay their loans, and unemployed people may have to change their financial goals.

When an economy has high unemployment rates, it represents some negative indicators. People considerably diminish the purchasing of things. They just buy the basics. This affects other industries that have produced their goods and services but not enough people are buying because they do not have a permanent income. Then, it became a vicious circle. Unemployed people modify their style of living until they get a new job.