What is the basic market failure in keynesian economics, Microeconomics

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What is the basic market failure in keynesian economics

Problem

1. In the DMP model, what are the effects of a decrease in matching efficiency.

2. What explains the observed Beveridge relation from 2000 to 2012?

3. What is the basic market failure in Keynesian economics?

4. What explains aggregate fluctuations in the Keynesian DMP model?

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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