macroeconomics
noun
- branch of economics that studies aggregated indicators
Wiktionary
Pronunciation: /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/ / /ˌmæk.ɹoʊˌɛ.kəˈnɒ.mɪks/
noun
Etymology: From macro- (“large scale”) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch (1895–1973) in 1933.
- 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.