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14.1 R.lucas Supply Function Market foundation of New Classical theories O New classicism macroeconomics explains supply behaviors from the viewpoint of perfect information cost, and draw the conclusions about unemployment and flation from changes of microcosmic corporations O New classicism macroeconomics is based on Walras equilibrium with the character of market clearing, and emphasize drawing macroeconomics conclusions from the point that microcosmic behaviors pursue maximum of the object functions o New classicism macroeconomics inherit traditions of neoclassicism. and after reviewing the monetary theories and policies in the same way of thinking over problems, it conquered drawbacks that monetarism can not explain recession and employment effectively, so that it has set up a set of macroeconomics theory totally different from Keynesianism 复且学经济学院14.1 R.lucas Supply Function vMarket foundation of New Classical Theories ¤New classicism macroeconomics explains supply behaviors from the viewpoint of perfect information cost, and draw the conclusions about unemployment and inflation from changes of microcosmic corporations ¤New classicism macroeconomics is based on Walras equilibrium with the character of market clearing, and emphasize drawing macroeconomics conclusions from the point that microcosmic behaviors pursue maximum of the object functions. ¤New classicism macroeconomics inherit traditions of neoclassicism, and after reviewing the monetary theories and policies in the same way of thinking over problems, it conquered drawbacks that monetarism can not explain recession and employment effectively, so that it has set up a set of macroeconomics theory totally different from Keynesianism
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