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
Answer:
The correct answers are:Unemployed people usually buy fewer things.
Unemployed people may not be able to repay their loans.
Unemployed people may have to to change their financial goals.
Explanation:
If someone is unemployed, they have much less money with which to purchase items, so they usually purchase less. This hurts the businesses that would profit from these purchases.
If someone is unemployed, their ability to pay their bills is affected since their income is gone. This means they may not be able to repay any loans they have in their name. This hurts the banks that have loaned the money.
If someone is unemployed, they may have to adjust their financial priorities. If they were looking to invest money, they no longer have it to invest. If they were looking to purchase real estate, again, they no longer have the money to do that. This hurts banks that they may invest through and the people or agencies that they would be purchasing real estate through.
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algebra
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