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the recent pandemic led to substantial increase in the rate of unemployment in canada, from about 6% prior to the crisis to 13% at the
the recent pandemic led to substantial increase in the rate of unemployment in canada, from about 6% prior to the crisis to 13% at the peak in 2020. according to hysteresis hypothesis, the effect of such shock could result in a jobless recovery in a post-pandemic world. why should this be? discuss atleast 2 reasons for why this could be the case
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