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A revised and abridged version of the introductory textbook Economics, 3rd Edition by the same author. Covers markets in action, the supply decision, wages and the distribution of income, aggregate demand and supply, the determination of national income and the role of fiscal policy, unemployment and inflation, international trade, and the balance of payments and exchange rates. Each chapter concludes with a summary and study questions. Annotation c. by Book News, Inc., Portland, Or.