New Classical Economics refers to a school of thought that emerged in the 1970s and emphasizes the importance of rational expectations and market clearing in macroeconomics. Some synonyms for this approach include fresh classical economics, neoclassical economics, and rational expectations economics. The term "fresh" is often used as a way to emphasize the modernity and innovation of this school of thought, while "neoclassical" highlights the continuation of classical economic principles in this new framework. "Rational expectations" is a key concept in this approach, which holds that people make economic decisions based on careful consideration of all available information. Overall, the various synonyms for New Classical Economics convey its focus on rationality, market optimization, and theoretical refinement.