What are some explanations for the coordination failures, Microeconomics

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What are some explanations for the coordination failures

Problem

Case Study: U.S. Output Gaps and Wage Flexi bility

Unemployment is costly to employers, employees, and the economy as a whole. What are some explanations for the coordination failures that prevent workers and employers from reaching agreements?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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