Respuesta :
Neoclassical economists tend to place a greater focus on long-term growth than on battling recessions because they think that the standard of living will ultimately be determined by long-term growth rather than by recessions, which they believe will pass in a few years.
Why Is Neoclassical Economics Important?
Neoclassical economics, a vast field of study, emphasizes supply and demand as the primary variables influencing the creation, valuation, and consumption of commodities and services. In an effort to challenge the prior theories of classical economics, it first appeared around 1900.
Neoclassical economics made the fundamental early premise that the value of a good or service should be determined primarily by its utility to the user, not by its production costs. The works of William Stanley Jevons, Carl Menger, and Léon Walras served as the foundation for the development of this strategy in the late 19th century.
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