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Macroeconomics

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While incorporating the latest economic statistics, Macroeconomics, Fifth Edition, has been streamlined to make teaching easier. The text highlights global concerns throughout; in particular, Chapter 2 looks at comparative advantage and gains from trade, and Chapter 7 examines foreign exchange rates and the balance of payments. The primary macreconomic model AD/AS is introduced in Chapter 9. Chapter 16 outlines various ideologies including new classical and Keynsian models, while Chapter 17...