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10.2 The building blocks of keynesian analysis

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  • Card 11 / 15:
    coordination argument

    downward wage and price flexibility requires perfect information about the level of lower compensation acceptable to other laborers and market participants

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Practice FlashCards 7 Key Terms 5

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Source:  OpenStax, University of houston downtown: macroeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11653/1.3
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