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In the coordination failure model: a. Describe an example of a coordination failure problem. b. What causes business cycles in the coordination failuremodel? c. Why
In the coordination failure model:
a. Describe an example of a coordination failure problem.
b. What causes business cycles in the coordination failuremodel?
c. Why money is neutral in the coordination failure model?
d. Should the government act to stabilize output in thecoordination failure model?
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