Respuesta :
Neoclassical economists have a tendency to put more emphasis on long-term growth than on fighting recession because they believe that recessions will fade away in few years and long term growth will ultimately determine living standard.
What is recession?
It should be noted that recession, in economics is a downward trend in the business cycle that is characterized by a decline in production and employment, which in turn causes the incomes and spending of households to decline.
In this case, recessions result in higher unemployment, lower wages and incomes, and lost opportunities more generally. Furthermore, education, private capital investments, and economic opportunity are all likely to suffer in the current downturn, and the effects will be long-lived.
In this case, it should be noted that Neoclassical economists have a tendency to put more emphasis on long-term growth than on fighting recession because they believe that recessions will fade away in few years and long term growth will ultimately determine living standard.
Learn more about recession on:
brainly.com/question/1417711
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