Description: (NOTE: Each chapter ends with a summary, key concepts, and problems and questions.)I. INTRODUCTION. 1. Introduction. 2. Basic Concepts in Macroeconomics. 3. Output Determination: Introducing Aggregate Supply and Aggregate Demand. II. INTERTEMPORAL ECONOMICS. 4. Consumption and Saving. 5. Investment. 6. Saving, Investment and the Current Account. 7. The Government Sector. III. MONETARY ECONOMICS. 8. Money Demand. 9. The Money Supply Process. 10. Money, Exchange Rates and Prices. 11. Inflation: Fiscal and Monetary Aspects. IV. OUTPUT DETERMINATION, STABILIZATION POLICY AND GROWTH. 12. Macroeconomic Policies and Output Determination in the Closed Economy. 13. Macroeconomic Policies in the Open Economy: The Case of Fixed Exchange Rates. 14. Macroeconomic Policies in the Open Economy: The Case of the Flexible Exchange Rates. 15. Inflation and Unemployment. 16. Institutional Determinants of Wages and Unemployment. 17. Explaining Business Cycles. 18. Long-Term Growth. V. SPECIAL TOPICS IN MACROECONOMICS. 19. The Theory and Practice of Economic Policy. 20. Financial Markets. 21. Tradeable and Nontradeable Goods. 22. The Developing Country Debt Crisis. 23. Stopping High Inflation.

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