economics

macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole.

Example

"Macroeconomics covers topics like inflation, unemployment, and national GDP."

💡 Memory Tip

MACRO = big picture. Macroeconomics is the big picture of the whole economy.

Etymology

From Greek 'makros' meaning 'large' + economics — the large-scale view of the economy.

Common Misspellings

macroecnomicsmacro economicsmacroeconomismacroecomomics

Related Terms

microeconomicsgdpfiscal policymonetary policy

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