Hysteresis and the labor force participation rate. in economics the term "hysteresis" means that the history of the economy has a lingering effect on current economic performance. during the u. s. recession starting in 2007, the labor force participation rate continued to remain below the levels that prevailed before the recession. could this be an example of hysteresis?
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Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
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Hysteresis and the labor force participation rate. in economics the term "hysteresis" means that the...
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