Macroeconomics

Pronunciation

• US IPA: /ˈmæk.ɹoÊŠ.iː.kÉ™.nÉ‘.mɪks/
• Hyphenation: mac + ro + ec + o + nom + ics

Origin

-(large scale) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch in 1933.

Full definition of macroeconomics

Noun

1. The study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.

Antonyms

• microeconomics