English edit

 
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Etymology edit

From macro- (large scale) +‎ economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.[1]

Pronunciation edit

  • (file)
  • IPA(key): /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/, /ˌmæk.ɹoʊˌɛ.kəˈnɒ.mɪks/
  • (file)
  • Hyphenation: mac‧ro‧ec‧o‧nom‧ics

Noun edit

macroeconomics (uncountable)

  1. 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.
    Antonym: microeconomics

Translations edit

See also edit

References edit

  1. ^ Ragnar Frisch (1933) Propagation Problems and Impulse Problems in Dynamic Economics, London: Allen & Unwin.