Macroeconomic (adjective)

  1. Relating to the study of the economy as a whole, rather than individual markets or industries.
  2. Concerned with the aggregate measures of an economy such as national income, gross domestic product, and inflation.
  3. Relating to the large-scale and long-term aspects of an economy, as opposed to microeconomics, which focuses on individual and short-term decisions.

Origin:

Derived from the greek words 'makros' meaning 'large' and 'oikonomia' meaning 'household management'.

Examples:

  1. Macroeconomic policy is concerned with the regulation of the overall level of economic activity.
  2. The government's macroeconomic goals are to maintain low inflation and stable economic growth.
  3. The macroeconomic trends in the country showed an improvement in the employment rate and a decline in the inflation rate.
  4. Macroeconomic indicators, such as GDP and inflation, are closely monitored by policymakers to track the health of the economy.
  5. Macroeconomic theories attempt to explain how the economy functions as a whole and how changes in individual parts impact the overall system.
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