A good example of an outcome that could lead to "hysteresis" in the labour market is
A) new entrants to the labour market have a high rate of unemployment due to technological change.
B) new entrants to the labour market have difficulty finding jobs,and as a result have a higher rate of unemployment throughout their working lives.
C) unemployment is generated by an increase in the minimum wage.
D) a negative supply shock persists.
E) a negative demand shock persists.
Correct Answer:
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