UPDATE 2005-2006 Macroeconomics

Fifth Edition. Update 2005-2006. This update to Macroeconomics, Fifth Edition, provides substantial new material for students and instructors using the text. The emphasis on the update is on developments in the U.S. and world economies during the past few years, including the decline in the U.S. saving rate, increased globalization, the rising U.S. current account deficit, economic developments in China and the value of its currency, the implications of high oil prices for the U.S. economy, changes in the value of the dollar against foreign currencies, and challenges facing the Social Security system.