The book provides a pragmatic approach for viewing the domestic andinternational dimensions of the evernew economic landscape of the UnitedStates for gauging it... » 

The book provides a pragmatic approach for viewing the domestic andinternational dimensions of the evernew economic landscape of the UnitedStates for gauging its strengths and weaknesses and for anticipating where itis headed. This edition broadens the focus of the earlier ones. The previouseditions highlighted the use of several economic indicators in measuring andevaluating business cycles and economic growth employment inflation andfinance. In contrast the current volume emphasizes broad economic topics eachof which includes several economic indicators used in quantifying and analyzingthe overall topic. For example the chapter on economic growth encompasses thegross domestic product as the basic measure of economic growth the sources ofeconomic growth and a technique for anticipating when economic growth willturn negative into a cyclical recession. Thus this edition shows more of theinterrelationships that drive the American economy.This new Third Edition includes New framework for macroeconomic analysis policies and forecasting Expanded analyses of economic growth Expanded analyses of inflation Expanded conceptual and statistical aspects of economic indicators.Data and analyses are updated through the first quarter of 1997. «