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This is a free online textbook offered by Flatworld Knowledge.  This text combines the clarity and writing of Tregarthen's seminal periodical "The Margin" with great teaching insights. Version 1.1 boasts improved coverage throughout the text including significant updates to: Chapters 20 (GDP, Price Level Changes, Business Cycles, and Unemployment) Chapter 21 (Measuring Total Output and Income) Chapter 27 (Government and Fiscal Policy) Chapter 32 (Macroeconomics for the 21st Century).

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