Why might government intervention make sense in a model of path-dependency but not a supply/demand model?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:53 AM

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Why might government intervention make sense in a model of path-dependency but not a supply/demand model?

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In a pathdependent model there are multiple equilibria where one equilib...View the full answer

Macroeconomics

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