Explain Why Some Economists Claim That the Persistence of High

question 13

Essay

Explain why some economists claim that the persistence of high unemployment rates during the recovery from the recession of 2007-2009 is evidence of "hysteresis."

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Definitions:

Leadership by Storytelling

A method of inspiring, motivating, and leading others by using narrative techniques to convey values, lessons, and visions.

Charismatic

Refers to a compelling charm or appeal found in an individual, often leading to inspiration and devotion in others.

Transformational Leaders

Leaders who inspire and motivate followers to exceed their own self-interests for the good of the organization and who can bring about significant change.

Transformational Leader

A leader who inspires followers to exceed their own self-interests for the good of the organization, and to achieve extraordinary outcomes by transforming their beliefs and values.