Revised edition of the authors' Macroeconomics, 2014.
Includes indexes.
Preface -- Introduction -- Introduction to macroeconomics -- The measurement and structure of the national economy -- Long-run economic performance -- Productivity, output, and employment -- Consumption, saving, and investment -- Saving and investment in the open economy -- Long-run economic growth -- The asset market, money, and prices -- Business cycles and macroeconomic policy -- Business cycles -- The is/lm/ad/as model : a general framework for macroeconomic analysis -- Classical business cycle analysis : market-clearing macroeconomics -- Keynesianism : the macroeconomics of wage and price rigidity -- Macroeconomic policy: its environment and institutions -- Unemployment and inflation -- Exchange rates, business cycles, and macroeconomic policy in the open economy -- Monetary policy and the federal reserve system -- Government spending and its financing -- Appendix A Some useful analytical tools -- Glossary -- Name index -- Subject index