A modern classic by an acute observer of the American economy, Macroeconomics, Ninth Edition combines time-tested strengths with keen new insights into the key macroeconomic issues at the beginning of the twenty-first century.

Fresh Perspectives
- A new chapter on growth success and failure that tackles a fundamental macroeconomic question-why are some nations so rich, others so poor, and still others able to sprint ahead from the ranks of the poor to the rich? Gordon - an internationally renowned expert on productivity - examines some possible explanations involving political and legal capital, infrastructure, and geography.

- A perceptive look at the renewed focus on monetary policy and the new role of fiscal policy, as played out in the U.S. economy of recent years.

- Many new real-world applications and new material, including such timely topics as the effect of 9/11 on global consumer confidence; policy paralysis in Japan; the stock market bubble, household wealth, and the collapse of the saving rate; how the great inventions fueled economic growth; the 2001-2002 recession; the boom and bust of high-tech invention; sources of the late 1990s productivity revival; and why inflation was so low in the late 1990s, among others.

Part 1 Introduction and Measurement
Part 2 Income Interest Rates, Policy, and the Open Economy
Part 3 Inflation and Unemployment
Part 4 Macroeconomics in the Long Run: Growth and Public Fiance
Part 5 Stabilization Policy in an Open Economy
Part 6 Sources of Instability in the Private Economy
Part 7 Dabates at the Macroeconomic Frontier