Question:
Overall, what are the Costs and Consequences of Unemployment?
Author: go kysAnswer:
-Unemployed have Lower Incomes. This reduces Demand [AD] and Firms Profits [Negative Multiplier Effect] -Less Income Tax for Governments [Budget Deficit] and Less Consumption means less Indirect Tax [VAT] Government spends more on Unemployment Benefits -Areas with High Unemployment leads to Crime and Health Problems [Negative Externality] -Workers who have Lacked a job for a Long time means their will probably Never find a Job as they have little, Outdated Skills
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go kys![go kys](https://lh5.googleusercontent.com/-VcvAufixQC8/AAAAAAAAAAI/AAAAAAAAAAA/AMZuuclTgbVcwbkN34cKx-XDycscqf7VNg/s96-c/photo.jpg)