In terms of unemployment,hysteresis models try to explain why

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Hysteresis models attempt to explain why high unemployment persists even after its initial cause is long past. This is because prolonged periods of high unemployment can lead to a degradation of skills, discouraged workers dropping out of the labor force, and industries shutting down. This creates a self-reinforcing cycle where high unemployment begets more unemployment, even if the initial cause has been resolved.

In Terms of Unemployment,hysteresis Models Try to Explain Why