Brief Contents

pp vii-viii

Contents

pp ix-xxviii

Acknowledgments

pp xxix-xxx

To the Student

pp xxxi-xxxii

To the Teacher

pp xxxiii-xl

Part I - Introduction

pp 1-2

1 - Macroeconomics and the Real World

pp 3-26

Part II - The National Accounts

pp 27-28

2 - The National Accounts and the Structure of the Economy

pp 29-70

3 - Understanding Gross Domestic Product

pp 71-113

4 - Measuring Prices and Inflation

pp 114-136

Part III - Trends and Cycles

pp 137-138

5 - Trends and Cycles

pp 139-164

Part IV - Financial Markets

pp 165-166

6 - The Financial System

pp 167-213

7 - The Behavior of Interest Rates

pp 214-263

8 - The International Financial System and the Balance of Payments

pp 264-306

Part V - Aggregate Supply

pp 307-308

9 - Aggregate Production

pp 309-352

10 - Economic Growth

pp 353-404

11 - The Ideal Labor Market

pp 405-442

12 - Unemployment and the Labor-Market Process

pp 443-484

Part VI - Aggregate Demand

pp 485-486

13 - An Introduction to Aggregate Demand

pp 487-537

14 - Consumption and Investment: A Deeper Look

pp 538-580

Part VII - Macroeconomic Dynamics

pp 581-582

15 - The Dynamics of Output, Unemployment, and Inflation

pp 583-618

Part VIII - Macroeconomic Policy

pp 619-620

16 - Monetary Policy

pp 621-684