The classical/neoclassical economists suggest the economy will rebound out of a recession or eventually contract during an expansion in terms of achieving full employment in the long run.
There are a few key differences between neoclassical economists and other economic schools of thought. For one, neoclassical economists tend to place more emphasis on individual behavior, whereas other schools may focus more on aggregate behavior.
Additionally, neoclassical economists often use more mathematical models and equations to explain economic behavior, while other schools may use more qualitative methods. Finally, neoclassical economics generally supports free markets and laissez-faire policies, while other schools may have a more interventionist approach.
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