Coordination Failure
Some new Keynesian economists suggest that recessions result from a failure of coordination.
coordination failure a situation where, because their actions are interdependent, people fail to act in a manner that is mutually beneficial. (32)
corporate income tax a tax on the accounting profits of corporations. (14) ...
New Keynesian economics Economic models based on the idea that demand creates its own supply as a result of various possible government fiscal and monetary coordination failures.
 See also: Hypothesis, Macroeconomics, Banks, Market failure, Fiscal policy
  
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