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Why Is There a Lag Between the End of a Recession

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Why is there a lag between the end of a recession and the peak in the unemployment rate?


Definitions:

Adaptation

The process by which a species becomes better suited to its environment through genetic changes over generations.

Costs

In biological contexts, refers to the negative consequences or trade-offs associated with certain traits, behaviors, or actions that can affect an organism's survival or reproductive success.

Policing Behavior

Actions taken by individuals within a group to enforce social norms or rules, often to maintain group harmony and cooperation.

Reproductive Skew

A concept in biology that describes the unequal distribution of reproductive opportunities among individuals within a group or population.

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