The hysteresis which caused high unemployment to persist from the 1980s into the 1990s can be explained by

Question

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Hysteresis in unemployment, where high unemployment rates persist over time, can be explained by a combination of factors including lack of capital due to low investment (A), firms increasing output without hiring new employees by pressuring existing ones (B), and the long-term unemployed becoming unemployable due to skill loss or stigma (C). Therefore, all of the provided options contribute to the explanation of hysteresis in unemployment.

The Hysteresis Which Caused High Unemployment to Persist from the 1980s