Contents:-- The Science of macroeconomics: Daunting implications of a slow recovery -- The Data of microeconomics: Numbers racket -- National Income :its production,distribution, and allocation: How much should capital cost? -- Economic growth: Eastern Germany's Long Haul: Expecting the Best -- Unemployment: Benefits and costs -- Inflation -- Turn off the presses: Prices down the Years -- The Open economy: Alphabet soup: Japan's fiscal alternative -- Introduction to economic fluctuations: Money-supply puzzle is troubling the Fed: Oil prices stir concern on economy -- Aggregate demand: Japan slows -- Aggregate demand: Spring fever: Money still counts -- Aggregate supply: Doleful in Europe -- The Macroeconomic policy debate: Back from the dead: If Moscow would only honor its debts -- The Open economy in short run: Bring the dollar down: EMS under pressure -- The Theory of real business cycles: Productivity pick-up -- Consumption: Whatever happened to thrift? -- Two views of government debt: Fitting the theory to the facts: Budgeting by balance sheet -- Investment: Investment credits: A Temporary answer: Houses are still dear -- Money supply and money demand: America's banking muddle.