Tim notes that there are several competing models of the business cycle because none currently captures all facets of th

[answerhappygod]

Tim notes that there are several competing models of the
business cycle because none currently captures all facets of the
business cycle. One model that attempts to explain business cycles
is the Keynesian coordination failure model. In order to
demonstrate your familiarity with this model provide detailed
answers to the following questions: a) Is there a role for
government intervention in the Keynesian coordination failure
model? If so, what role does the government fulfil? Justify your
answer. [13] b) What important inferences can be drawn from the
Keynesian coordination failure model?