Bring out the salient features of new-classical macroeconomics.  

New classical macroeconomics, also known as the new classical synthesis, emerged in the 1970s as a response to perceived shortcomings of Keynesian economics. The new classical approach is characterized by several salient features:

1. Rational expectations: New classical economists assume that individuals and firms have rational expectations, meaning that they make decisions based on all available information and use economic models to predict future outcomes. This assumption implies that people will adjust their behavior in response to changes in economic policy, making it difficult for policymakers to manipulate the economy through fiscal or monetary policy.

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