The consequence is a reduction in the performance of the economy, lower growth of GDP compared to making full use of resources (labor forces).
Answer:
Unemployment is a serious problem that troubles the majority of countries in the world. The big problem is particularly long-term unemployment.
Explanation:
From a microeconomic perspective, unemployment affects not only the individual, who lost a job, thereby limits his revenue, but it also means the overall reduction in the standard of living for the whole family.