Summary: Publisher Summary 1 New edition of a text that presents all intermediate macroeconomic fundamentals, discusses both similarities and distinctive features of the various competing theories, and integrates global macroeconomics throughout. In the 14 chapters, central topics include gross domestic product, price indexes, and the balance of payments; output, employment, price-level, and interest rate determination; essential determinants of economic growth; Keynesian income-expenditure theory, the IS-LM model, and trade balance determination; short- and long-run Phillips curves, monetarism, and the theory of political monetary cycles; rational expectations, new classical macroeconomics, modern Keynesian contracting theory, and recent developments in new Keynesian and real-business-cycle models; rules versus discretion in monetary, fiscal, and exchange-rate policies; and macroeconomic policymaking with fixed versus floating exchange rates. The accompanying CD-ROM contains key graphs from each chapter, and tutorial exercises. Annotation c. Book News, Inc., Portland, OR (booknews.com)