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:

Coccyx

The coccyx, commonly known as the tailbone, is the small bone at the base of the vertebral column that is composed of fused vertebrae.

Pia Mater

The delicate inner layer of the meninges that closely covers the brain and spinal cord, protecting the central nervous system.

Arbor Vitae

Refers to the "tree of life" arrangement of white matter in the cerebellum that facilitates cerebellar connections.

Corpus Callosum

A large band of neural fibers connecting the two cerebral hemispheres, facilitating communication between them.