Author Description

This work explains the principles of macroeconomics by tying economic concepts and theory to illustrations and examples from contemporary world events. This edition has been updated to provide GDP coverage throughout and includes a new introductory chapter on the American economy; a new section entitled "The Economy Tomorrow", which investigates how current issues may colour future economic realities. Topics such as the effect of bank failures, differing prescriptions for managing the macroeconomy, marketable pollution permits and a Euro currency are covered. This book also includes expanded coverage of Keynesian multiplier effects, supply-side policies, budget deficits and global macroeconomics. A study guide (ISBN: 0-07-056304-7) is also available.