macroeconomics

EnglishEdit

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Wikipedia

EtymologyEdit

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

PronunciationEdit

  • (file)
  • (US) IPA(key): /ˈmæk.ɹoʊ.iː.kə.nɑ.mɪks/
  • Hyphenation: mac‧ro‧ec‧o‧nom‧ics

NounEdit

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.

AntonymsEdit

See alsoEdit

TranslationsEdit

ReferencesEdit

  1. ^ 1933, Frisch, Ragnar, Propagation Problems and Impulse Problems in Dynamic Economics, London: Allen & Unwin:
Last modified on 28 March 2014, at 23:48