Hysteresis (economics)
id:
hysteresis-economics-239-3006915
title:
Hysteresis (economics)
text:
In economics, hysteresis consists of effects that persist after the initial causes giving rise to the effects are removed. Two of the main areas in economics where hysteresis effects are invoked to explain economic phenomena are unemployment and international trade. For instance, in labor economics hysteresis refers to the possibility that periods of high unemployment tend to increase the rate of unemployment below which inflation begins to accelerate, commonly referred to as the natural rate of
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Hysteresis_(economics)
date created:
date modified:
2024-02-08T04:36:23Z
main entity:
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fields total:
13
integrity:
13