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"Macroeconomics" is arranged in three key sections: the long-run, the short-run and applications. The long-run section includes a modern presentation of economic growth. The short-run section emphasises central banks that set interest rates and develops an intuitive Aggregate Supply/Aggregate Demand framework with inflation rather than the price level on the vertical axis. The applications section explores key policy topics such as the continuing rapid rise in health expenditures and globalisation.