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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."


Definitions:

Community Resource

A community resource is any service, facility, or information that is available to the members of a community, often aimed at improving the quality of life or meeting the needs of the population.

Qualitative Data

Non-numerical information that describes qualities or characteristics, often collected through interviews, observations, or open-ended questions.

Assessment Use

Involves the application of various methods and tools to measure, evaluate, or appraise a subject's performance, abilities, or characteristics.

Satisfaction Survey

A tool used to gauge the level of satisfaction or dissatisfaction of individuals with services, products, or experiences.

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