{"id":612,"date":"2015-06-19T21:00:32","date_gmt":"2015-06-19T21:00:32","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/outcome-neoclassical-policy-prescriptions\/"},"modified":"2023-07-14T19:08:12","modified_gmt":"2023-07-14T19:08:12","slug":"outcome-neoclassical-policy-prescriptions","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/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>\nHere are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:\n<ul>\n\t<li>Define and give examples of supply-side economics<\/li>\n\t<li>Explain the types of lag times that often occur when solving economic problems<\/li>\n\t<li>Describe the\u00a0neoclassical long-run aggregate supply curve<\/li>\n\t<li>Understand and describe the emergence of New Classical Economics, along with its main tenets<\/li>\n\t<li>Define Ricardian Equivalence<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Effects of Tax and Spending Policy from a Neoclassical Perspective<\/li>\n\t<li>Reading:\u00a0Supply-Side Economics<\/li>\n\t<li>Self Check: Supply-Side Economics<\/li>\n\t<li>Reading:\u00a0Policy Implications of the Neoclassical Perspective: Policy Lags<\/li>\n\t<li>Self Check: Policy Lags<\/li>\n\t<li>Reading:\u00a0Policy Implications: No Phillips Curve Tradeoff<\/li>\n\t<li>Self Check: No Phillips Curve Tradeoff<\/li>\n\t<li>Reading:\u00a0New Classical Economics and\u00a0Rational Expectations<\/li>\n\t<li>Self Check: New Classical Economics and Rational Expectations<\/li>\n\t<li>Reading:\u00a0Ricardian Equivalence: How Government Borrowing Affects Private Saving<\/li>\n\t<li>Self Check: Ricardian Equivalence<\/li>\n\t<li>Reading:\u00a0Policy Implications: Inflation, Recession, and Unemployment<\/li>\n\t<li>Self Check: Policy Implications: Inflation, Recession, and Unemployment<\/li>\n<\/ul>\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 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