In the coordination failure model suppose that consumers
In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumptiongoods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
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In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumption goods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
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