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The Neoclassical Perspective

14 Lessons 45 mins

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Introduction to the Neoclassical Perspective

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2

The Building Blocks of Neoclassical Analysis

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The Importance of Potential GDP in the Long Run

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The Role of Flexible Prices

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5

How Fast is the Speed of Macroeconomic Adjustment?

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6

Key Concepts and Summary

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7

The Policy Implications of the Neoclassical Perspective

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The Neoclassical Phillips Curve Tradeoff

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Fighting Unemployment Or Inflation?

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10

Fighting Recession Or Encouraging Long-term Growth?

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11

Summary of Neoclassical Economics versus Keynesian Economics

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12

Key Concepts and Summary

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13

Balancing Keynesian and Neoclassical Models

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14

Key Concepts and Summary

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