macroeconomics

/ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/

Etymology

From macro- (“large scale”) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.

macroeconomics means 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. Lexicurio rates it Distinctive — a strength score of 69 out of 100.

noun

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.