macroeconomics[mak′rō ek′ə näm′iks, -ē′kə-]
- The definition of macroeconomics is a branch of economics that deals with the relationship of the major factors in an economy.
An example of macroeconomics is the study of U.S. employment.
noun(used with a sing. verb)
- 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.
macro- (large scale-) +"Ž economics. The first published use of the term was by the Norwegian economist Ragnar Frisch in 1933.
macroeconomics - Investment & Finance Definition
The study of economic activity by looking at the economy as a whole. Macroeconomics analyzes overall economic issues such as employment, inflation, productivity, interest rates, the foreign trade deficit, and the federal budget deficit.