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Artificial Wicksell—Keynes Macroeconomy
Integrating Business Cycle and Cumulative Process
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Mukaan Ichiro Takahashi
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While a production sector is represented by a single firm in a conventional model, this model has introduced a large number of heterogeneous firms that confront diverse constraints both at the firm and aggregate levels. This could result in an increased aggregate demand and benefit other firms with further employment.
Artificial Wicksell—Keynes Macroeconomy