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Author(s): Bagher Modjtahedi
Principles of Macroeconomics has grown out of the author’s experiences teaching economics over the course of more than 30 years. The text is policy oriented and provides an easy-to-understand structure with intuitive models to explain macroeconomic issues. From the beginning it emphasizes three major macroeconomic goals: high economic growth, low unemployment rate, and low and stable inflation rate. The text uses the most recent U.S. macroeconomic data to demonstrate the validity of the theories discussed.