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Norwegian economist Ragnar Frisch

EtymologyEdit

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

PronunciationEdit

  • (file)
  • IPA(key): /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/, /ˌmæk.ɹoʊˌɛ.kəˈnɒ.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

TranslationsEdit

See alsoEdit

ReferencesEdit

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