An Argument in Support of Hysteresis Is

question 54

Multiple Choice

An argument in support of hysteresis is

• A)companies may be reluctant to hire workers until AD increases
• B)prices are sticky in the short run
• C)the skills of unemployed workers may deteriorate making it more difficult to find a job
• D)overlapping wage contracts

---

Definitions:

High Tech

Industries or companies involved in developing and producing advanced technology products or services.

Big Tech

Large, dominant technology companies, often cited as having considerable market power and influence over the economy, society, and politics.

Diffusion of Technology

The process by which new technologies are adopted and spread across cultures or societies.

Sociological Question

An inquiry that focuses on understanding human behavior, social structures, and societal functions from a sociological perspective.