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.
a branch of economics dealing with all the forces at work in an economy or with the interrelationship of large sectors, as in employment or income
nounused with a sing. verb
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.
- 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.