Macroeconomics

This sixth edition of macroeconomics reflects three concerns: first, we have maintained the middle-of-the-road approach.students should learn foremost what is established and useful, not what is esoteric or at best speculative.there is plenty of room to bring in new ideas, but the emphasis must be on what can be asserted with great confidence as right and to the point.second, we have tried to reflect the changing tone and emphasis that emerges from the past decade of macroeconomics events and scholarly research. There is no reason to belittle the powerful battle that has been going on in the profession; we do give it full and substantial coverage, but as reports and teachers. Not as proponents of a school. Third, we have been merciless in forcing ourselves to cut the material in this book- by nearly 25 percent.