5 Steps to a 5 AP Macroeconomics 2019

viii ❯ Preface

crowding-out effect, and because it has the advantage of being much more intuitive, I

have emphasized it rather than the original “supply-side” approach in this edition. I have

also included more graphical coverage of the model of aggregate demand and aggregate

supply, with an emphasis on the theoretical treatment of the adjustment from short-run

to long-run equilibrium.

I do not see any reason to continue talking about the book when we could just dive in.

I hope that you enjoy this book and that you find it a useful resource. Good luck!

00_AP Macroeconomics_2018_FM_i-xviii.indd 8 30/04/18 4:18 PM