Publisher's Synopsis
The economy is tough -- but understanding macroeconomics doesn't have to be. In fact, opening the world of economics can be exciting with Arnold's popular MACROECONOMICS, 14E. Economic tools, new thinking and theories show you how macroeconomic forces impact daily events and form an important part of life 24/7. Current, everyday macroeconomic examples and updated discussions and learning features illustrate many unexpected places economics can occur. You learn what money is and isn't, how supply and demand play out on a freeway, how a person pays for good weather and why some countries are rich while others are poor. A new chapter examines the economic forces behind creative destruction and crony capitalism. Revised coverage of the Federal Reserve System reviews changes in monetary policy. Digital video lectures and digital features guide you in understanding macroeconomic diagrams and building graphs, while online MindTap, Aplia and A+ Test Prep help you assess your understanding.
