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:

First Impression

The initial perception or judgment formed about someone or something at the first encounter, which can significantly influence future interactions.

Lean Forward

A phrase commonly used to describe an eagerness or proactive engagement in a particular activity or conversation.

Eyes Glazing

A term often used to describe the appearance of someone's eyes when they are bored or not engaged.

Phone Interviews

Screening or preliminary interviews conducted over the telephone to assess candidates' suitability for a position.