Choose the correct statement. A. Unemployment is a serious personal problem but not a serious social economic problem. It is only an effect of the business cycle. B. In recent years, population growth has outstripped jobs growth, resulting in a serious unemployment problem. C. Prolonged unemployment increases a person's job prospects because they are willing to work for a lower wage. D. The class of 2017 had a better time in the job market than those of the decade that preceded it.

In simple words, population growth has been very raid in almost every major country of the world and this issue simply affects the supply and demand feature of the labor force. Due to high increase in population there are more no. of people willing to work for a living thus increasing the demand for jobs with no major increase in supply.

This issue further leads to two issues, first is the increasing number of educated individuals with no jobs and also less paying jobs for those getting it.