New classical macroeconomics developed from the
A) theoretical and empirical critiques of traditional economics.
B) discrepancies between classical theory and the Great Depression.
C) global transition from agrarian to industrial economies.
D) conversion form closed to open economies.

Question

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New classical macroeconomics emerged as a response to the theoretical and empirical critiques of traditional Keynesian economics, focusing on rational expectations and market clearing.

New Classical Macroeconomics Developed from the