Focus on Changing Times In preparing this edition we were surprised by how many issues have emerged and how many have become moot in just the three short years since the last edition of the textbook was published. We have strived to present updated data throughout the book, demonstrating key trends and thorough discussions of how such trends might be explained by traditional macroeconomic models. For example, we have added discussions of the recent balancing of the U.S. federal budget, the Asian financial crisis, and the surge in U.S. labor productivity in the 1990s.
Part 1 Introduction And National Income
Part 2 Growth, Aggregate Supply And Demand, And Policy
Part 3 First Models
Part 4 Behavioral Founddatations
Part 5 Big Events, International Adjustments, And Advanced
Topics