In Terms of Unemployment,hysteresis Models Try to Explain Why

question 53

Multiple Choice

In terms of unemployment,hysteresis models try to explain why

• A)cyclical unemployment is always present.
• B)structural unemployment cannot be eradicated.
• C)high unemployment persists even after its initial cause is long past.
• D)frictional unemployment is the cause of hysteresis.

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Definitions:

Fixed Place of Business

A specific location where a company conducts its operations and business activities on a regular basis.

Legislation

Laws that have been enacted by a legislative body, such as a parliament or congress.

Physical Threats

Explicit or implicit actions suggesting the intent to cause bodily harm to another person.

Collection Agency

A business that pursues payments of debts owed by individuals or businesses on behalf of creditors.