Question

What effect does unemployment have on the economy?

Answer 1

hi, so an economic that is not employed can lead.

1. drastical reduction of workforce

2.lack of basic infrastructure

3. increase in proverty

4. economy development Will be stagnant.

Answer 2

A high unemployment rate affects the economy in many ways. Unemployed people tend to spend less, may accrue more debt, and unemployment may lead to higher payments from state and federal governments for things like food stamps. Hope u like it !