Written by two highly respected economists and educators, the book uses the “Stories, Graphs, and Equations” approach to make economic concepts accessible and relevant to readers with various learning styles. It is known for its unified and logical structure, lively writing style, and clear explanations Chapter topics cover the scope and method of economics; scarcity and choice; demand, supply, and market equilibrium; measuring national output and national income; long-run and short-run concerns: growth, productivity, unemployment, and inflation; aggregate expenditure and equilibrium output; the government and fiscal policy; the money supply and the federal reserve system; money, the interest rate, and output: analysis and policy; aggregate demand, aggregate supply, and inflation; the labor market, unemployment, and inflation; macroeconomic issues and policy; household and firm behavior in the macroeconomy; international trade, comparative advantage, and protectionism; open economy macroeconomics: the balance of payments and exchange rates; and economic growth in developing and transitional economies. For individuals who want to better understand the fundamentals of macroeconomics.