Macroeconomics is ubiquitous and nobody questions its importance.Understanding economic developments - making sense of the mass of data, debate, and commentary produced every day - is difficult even for experts. It is especially challenging for those whose jobs or studies require that they can critically evaluate macroeconomic developments and policies, who have some university-level training, but who have not had practical experience in economic analysis. Our premise is that reporting and debate on macroeconomics can be made understandable if the nderlying issues are placed in a broad analytical framework on which economists generally agree and which has immediate relevance to real-world settings.
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