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This text is a flexible introduction to macroeconomic theory and policy. It covers the Classical and Keynesian approaches, as well as newer dynamic models of debt, deficits, growth, unemployment, and inflation. In 17 chapters, it presents a complete survey of modern macroeconomic thinking, and is the first text to bring the modern theories of macroeconomic dynamics to the undergraduate intermediate market. It has an emphasis on data and testing macro theories against macro facts.