9781259291821

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The Macro Economy Today is noted for three great strengths: readability, policy orientation, and pedagogy. The accessible writing style engages students and brings some of the excitement of domestic and global economic news into the classroom. Schiller emphasizes how policymakers must choose between government intervention and market reliance to resolve the core issues of what, how, and for whom to produce. This strategic choice is highlighted throughout the full range of micro, macro, and international issues, and every chapter ends with a policy issue that emphasizes the markets vs. government dilemma. The authors teach economics in a relevant context, filling chapters with the real facts and applications of economic life. Schiller is also the only principles text that presents all macro theory in the single consistent context of the AS/AD framework.

The Macro Economy Today, fourteenth edition, is thoroughly integrated with the adaptive digital tools available in McGraw-Hill’s LearnSmart Advantage Suite, proven to increase student engagement and success in the course.

Part 1 The Economic Challenge
Chapter 1 Economics: The Core Issues
Appendix: Using Graphs
Chapter 2 The U.S. Economy: A Global View
Chapter 3 Supply and Demand
Chapter 4 The Role of Government
Part 2 Measuring Macro Outcomes
Chapter 5 National Income Accounting
Chapter 6 Unemployment
Chapter 7 Inflation
Part 3 Cyclical Instability
Chapter 8 The Business Cycle
Chapter 9 Aggregate Demand
Appendix: The Keynesian Cross
Chapter 10 Self-Adjustment or Instability?
Part 4 Fiscal Policy Tools
Chapter 11 Fiscal Policy
Chapter 12 Deficits and Debt
Part 5 Monetary Policy Options
Chapter 13 Money and Banks
Chapter 14 The Federal Reserve System
Chapter 15 Monetary Policy
Part 6 Supply-Side Options
Chapter 16 Supply-Side Policy: Short-run Options
Chapter 17 Growth and Productivity: Long-run Possibilities
Part 7 Policy Constraints
Chapter 18 Theory versus Reality
Part 8 International Economics
Chapter 19 International Trade
Chapter 20 International Finance
Chapter 21 Global Poverty Glossary Index Reference Tables

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The Macro Economy Today

The Macro Economy Today

1259291820

Summary

Table of Contents

Chapter 1 Economics: The Core Issues

Appendix: Using Graphs

Chapter 2 The U.S. Economy: A Global View

Chapter 3 Supply and Demand

Chapter 4 The Role of Government

Part 2 Measuring Macro Outcomes

Chapter 5 National Income Accounting

Chapter 6 Unemployment

Chapter 7 Inflation

Part 3 Cyclical Instability

Chapter 8 The Business Cycle

Chapter 9 Aggregate Demand

Appendix: The Keynesian Cross

Chapter 10 Self-Adjustment or Instability?

Part 4 Fiscal Policy Tools

Chapter 11 Fiscal Policy

Chapter 12 Deficits and Debt

Part 5 Monetary Policy Options

Chapter 13 Money and Banks

Chapter 14 The Federal Reserve System

Chapter 15 Monetary Policy

Part 6 Supply-Side Options

Chapter 16 Supply-Side Policy: Short-run Options

Chapter 17 Growth and Productivity: Long-run Possibilities

Part 7 Policy Constraints

Chapter 18 Theory versus Reality

Part 8 International Economics

Chapter 19 International Trade

Chapter 20 International Finance

Chapter 21 Global Poverty Glossary Index Reference Tables

Supplemental Materials