The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?
Correct answer: C. hysteresis.
- A. the fallacy of composition
- B. negative entropy.
- C. hysteresis.
- D. ceteris paribus
Explanation
Hysteresis is the persistence of an economic condition, such as unemployment, even after the original shock or cause has disappeared. The other terms refer to different ideas, such as holding other factors constant or disorder in thermodynamics.
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