Understanding Modern Macroeconomics

This book explains modern macroeconomics. It does not use equations, graphs, diagrams or footnotes. The book is designed to make modern macroeconomics available to those who never had a university course in economics or who had one years ago, now little remembered. The book is non-technical. Since readers are busy, the book is purposely confined to about a hundred pages. It seeks to combat the lack of literacy in basic macroeconomics that is all too evident among Americans. It covers a series of important subjects: resources; national output; living standards; economic growth; employment and unemployment; money and interest rates; inflation; government; deficits and debt; international; productivity; incentives; expectations; income distribution; asset markets; business fluctuations; creative destruction; planning horizons; international convergence; and more.