A Good Example of an Outcome That Could Lead to "Hysteresis

question 61

Multiple Choice

A good example of an outcome that could lead to "hysteresis" in the labour market is:

• A)new entrants to the labour market have difficulty finding jobs, and as a result have a higher rate of unemployment throughout their working lives.
• B)new entrants to the labour market have a high rate of unemployment due to technological change.
• C)a negative demand shock persists.
• D)a negative supply shock persists.
• E)unemployment is generated by an increase in the minimum wage.

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Definitions:

1910s

The decade ranging from 1910 to 1919, characterized by significant events such as World War I and the beginning of the Russian Revolution.

Social Problem

A social issue, often referred to as a problem or controversy, is an aspect of society that people are concerned about and would like to change.

Middle Class

A social class traditionally including individuals and families with moderate income and wealth; typically perceived as having stable employment, educational opportunities, and the ability to make economic investments.

Industrial Societies

Societies characterized by the large-scale production of goods through mechanized and technological processes, often associated with urbanization and changes in social structures.