Choose the correct statoment about employment and unemployment. A. Unomployment is a sorious personal problem but not a serious social oconomic problom. It is only an offect of the business cycle. B. Unemployment benefits create a safoty net that full replace lost earnings. C. The class of 2021 faced a bottor job market than those of the docado that precoded it. D. Prolonged unemployment Increases a person's job prospects because they are willing to work for a lower wago.

The correct statement about employment and unemployment is:<br /><br />B. benefits create a safety net that partially replaces lost earnings.<br /><br />Explanation Option A is incorrect because unemployment is both a serious personal problem and a significant social and economic issue. It affects individuals' livelihoods and has broader implications for the economy.<br />- Option C is incorrect because the job market conditions can vary based on numerous factors, and it is not necessarily true that the class of 2021 faced a worse job market than previous decades.<br />- Option D is incorrect because prolonged unemployment can lead to a decrease in job prospects, as employers may view long periods of unemployment as a negative factor in the hiring process.