{"id":2260,"date":"2015-06-19T21:00:32","date_gmt":"2015-06-19T21:00:32","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=2260"},"modified":"2015-07-15T20:24:39","modified_gmt":"2015-07-15T20:24:39","slug":"outcome-neoclassical-policy-prescriptions","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/chapter\/outcome-neoclassical-policy-prescriptions\/","title":{"raw":"Outcome: Neoclassical Policy Prescriptions","rendered":"Outcome: Neoclassical Policy Prescriptions"},"content":{"raw":"<h2>What you'll learn to do: understand the effects of tax and spending policy from a neoclassical perspective<\/h2>\r\nHere are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:\r\n<ul>\r\n\t<li>Define and give examples of supply-side economics<\/li>\r\n\t<li>Explain the types of lag times that often occur when solving economic problems<\/li>\r\n\t<li>Describe the\u00a0neoclassical long-run aggregate supply curve<\/li>\r\n\t<li>Understand and describe the emergence of New Classical Economics, along with its main tenets<\/li>\r\n\t<li>Define Ricardian Equivalence<\/li>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n\t<li>Reading: Effects of Tax and Spending Policy from a Neoclassical Perspective<\/li>\r\n\t<li>Reading:\u00a0Supply-Side Economics<\/li>\r\n\t<li>Self Check: Supply-Side Economics<\/li>\r\n\t<li>Reading:\u00a0Policy Implications of the Neoclassical Perspective: Policy Lags<\/li>\r\n\t<li>Self Check: Policy Lags<\/li>\r\n\t<li>Reading:\u00a0Policy Implications: No Phillips Curve Tradeoff<\/li>\r\n\t<li>Self Check: No Phillips Curve Tradeoff<\/li>\r\n\t<li>Reading:\u00a0New Classical Economics and\u00a0Rational Expectations<\/li>\r\n\t<li>Self Check: New Classical Economics and Rational Expectations<\/li>\r\n\t<li>Reading:\u00a0Ricardian Equivalence: How Government Borrowing Affects Private Saving<\/li>\r\n\t<li>Self Check: Ricardian Equivalence<\/li>\r\n\t<li>Reading:\u00a0Policy Implications: Inflation, Recession, and Unemployment<\/li>\r\n\t<li>Self Check: Policy Implications: Inflation, Recession, and Unemployment<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: understand the effects of tax and spending policy from a neoclassical perspective<\/h2>\n<p>Here are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:<\/p>\n<ul>\n<li>Define and give examples of supply-side economics<\/li>\n<li>Explain the types of lag times that often occur when solving economic problems<\/li>\n<li>Describe the\u00a0neoclassical long-run aggregate supply curve<\/li>\n<li>Understand and describe the emergence of New Classical Economics, along with its main tenets<\/li>\n<li>Define Ricardian Equivalence<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Effects of Tax and Spending Policy from a Neoclassical Perspective<\/li>\n<li>Reading:\u00a0Supply-Side Economics<\/li>\n<li>Self Check: Supply-Side Economics<\/li>\n<li>Reading:\u00a0Policy Implications of the Neoclassical Perspective: Policy Lags<\/li>\n<li>Self Check: Policy Lags<\/li>\n<li>Reading:\u00a0Policy Implications: No Phillips Curve Tradeoff<\/li>\n<li>Self Check: No Phillips Curve Tradeoff<\/li>\n<li>Reading:\u00a0New Classical Economics and\u00a0Rational Expectations<\/li>\n<li>Self Check: New Classical Economics and Rational Expectations<\/li>\n<li>Reading:\u00a0Ricardian Equivalence: How Government Borrowing Affects Private Saving<\/li>\n<li>Self Check: Ricardian Equivalence<\/li>\n<li>Reading:\u00a0Policy Implications: Inflation, Recession, and Unemployment<\/li>\n<li>Self Check: Policy Implications: Inflation, Recession, and Unemployment<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-2260\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":7,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen 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