{"id":9390,"date":"2018-02-23T00:37:59","date_gmt":"2018-02-23T00:37:59","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/?post_type=chapter&p=9390"},"modified":"2024-04-26T17:29:54","modified_gmt":"2024-04-26T17:29:54","slug":"introduction-to-new-classical-economics","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/chapter\/introduction-to-new-classical-economics\/","title":{"raw":"Introduction to New Classical Economics","rendered":"Introduction to New Classical Economics"},"content":{"raw":"

What you'll learn to do: describe the basic tenets of new classical economics<\/h2>\r\n[caption id=\"attachment_9802\" align=\"aligncenter\" width=\"300\"]\"The Many contemporary macroeconomic models use rational expectations and Ricardian Equivalence theories in their predictions of future economic trends.[\/caption]\r\n\r\nNew Classical Economics\u00a0is a neoclassical perspective\u00a0that makes a stronger case for the ineffectiveness of fiscal & monetary policy to stabilize the economy. This case is based on two beliefs that are unique to New Classical Economics: the theories of rational expectations and Ricardian Equivalence.","rendered":"

What you’ll learn to do: describe the basic tenets of new classical economics<\/h2>\n
\"The<\/p>\n

Many contemporary macroeconomic models use rational expectations and Ricardian Equivalence theories in their predictions of future economic trends.<\/p>\n<\/div>\n

New Classical Economics\u00a0is a neoclassical perspective\u00a0that makes a stronger case for the ineffectiveness of fiscal & monetary policy to stabilize the economy. This case is based on two beliefs that are unique to New Classical Economics: the theories of rational expectations and Ricardian Equivalence.<\/p>\n\n\t\t\t

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Candela Citations<\/h3>\n\t\t\t\t\t
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CC licensed content, Original<\/div>