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Keynes emphasized the coordination argument as one of the reasons that wages are sticky. The coordination argument is simplified as a market-oriented economy will automatically

Keynes emphasized the coordination argument as one of the reasons that wages are sticky. The coordination argument is simplified as a market-oriented economy will automatically adjust wages. a market-oriented economy has no way to implement a coordinated wage reduction. the government will coordinate the wage reduction. employees will coordinate against employers to keep wages stable

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