Macroeconomics

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Macroeconomics

Analysis of a country's economy as a whole.

Macroeconomics

The study of an economy in its largest sense. That is, macroeconomics studies gross domestic product, unemployment, inflation, and similar matters. It does not look at the function of individual companies and only tangentially studies individual industries. It is useful in helping determine the aggregate effect of certain policies on an economy as a whole. See also: Microeconomics.

macroeconomics

the branch of economics concerned with the study of aggregate economic activity. Macroeconomic analysis investigates how the economy as a whole ‘works’ and seeks to identify strategic determinants of the levels of national income and output, employment and prices. See CIRCULAR FLOW OF NATIONAL INCOME MODEL, EQUILIBRIUM LEVEL OF NATIONAL INCOME, INTERNAL-EXTERNAL BALANCE MODEL, MACROECONOMIC POLICY, MICROECONOMICS.
References in periodicals archive ?
Vijay Kumar said, "The difference between Management of Corporate and Management of the Economy is same as the difference between micro and macro economics.
All five of the region's districts will reap the benefi ts, according to the Merseyside Business Prospect report,compiled by Liverpool Research Group in Macro economics.
However, I must challenge his understanding of basic macro economics.
Its starting point is the existing body of both micro and macro economics, as developed in such textbooks as Economics by Begg, Fischer and Dombusch and Positive Economics by Lipsey and Chrystal.
All five of the region's districts will reap the benefits, according to the Merseyside Business Prospect report, compiled by Liverpool Research Group in Macro economics.