When the Economy Does NOT Generate Enough Jobs to Employ

Multiple Choice

When the economy does NOT generate enough jobs to employ all those who are willing to work,what can we conclude?

A) The economy must be experiencing a recession.
B) Unemployment insurance and other social welfare programs prevent society from incurring any significant economic costs as a result.
C) Potential goods and services that might have been enjoyed by consumers are lost.
D) The economy must be operating at the full employment level of output.