
In the coordination failure model,the "good" equilibrium is characterized by a
A) higher real interest rate and a higher price level than the "bad" equilibrium.
B) higher real interest rate and a lower price level than the "bad" equilibrium.
C) lower real interest rate and a higher price level than the "bad" equilibrium.
D) lower real interest rate and a lower price level than the "bad" equilibrium.
Correct Answer:
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