New Classical Economics Is Similar to Classical Economics in That

Multiple Choice

New classical economics is similar to classical economics in that both theories

A) differ from classical economics in that the latter focuses on the determination of long-run aggregate supply while the former focus on the determination of short-run aggregate supply.
B) are similar to classical economics in that both theories incorporate expectations in their analysis of the economy in the long-run.
C) differ from classical economics in that the latter focuses on producers' expectations only while the latter also includes consumers' expectations in the determination of long-run macroeconomic equilibrium.
D) are similar to classical economics in that both theories focus on the determination of long-run aggregate supply and the economy's ability to reach this level of output quickly.