Definition, Meaning & Synonyms
macroeconomics
noun
/ˌmækroʊɪˈkɒnəmɪks/
Definition
Macroeconomics is the branch of economics that studies the overall functioning and phenomena of an entire economy rather than individual markets.
Examples
- Governments often adjust interest rates to influence macroeconomics.
- Understanding macroeconomics is essential for making informed policy decisions.
- The 2008 financial crisis highlighted many issues in the field of macroeconomics.
Meaning
It focuses on large-scale economic factors, such as national productivity, inflation rates, and unemployment levels.
Synonyms
- economic theory
- aggregate economics
- national economics
