Hysteresis in the Labour Market Refers To

question 7

Multiple Choice

Hysteresis in the labour market refers to:

• A) the volatile relationship between actual unemployment and its natural rate.
• B) an increase in actual unemployment translates into no effect on the natural rate of unemployment.
• C) an increase in actual unemployment translates into an increase in the natural rate of unemployment.
• D) the lack of relationship between actual unemployment and its natural rate.
• E) an increase in actual unemployment translates into a decrease in the natural rate of unemployment.

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Definitions:

Profitable

Refers to the ability of a business or activity to generate more revenue than the expenses incurred, leading to financial gain.

Opportunity

A set of circumstances that makes it possible to do something or that creates a chance for progress or advancement.

Maslow

A renowned American psychologist who developed the concept of Maslow's hierarchy of needs, which suggests that psychological well-being is based on meeting certain fundamental human needs.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.