macroeconomics Definition

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macroeconomics

Definition

The study of the behavior an economy at the aggregate level, as opposed to the level of a specific subgroups or individuals (which is called microeconomics). For example, a macroeconomist might consider the industrial sector, the services sector or the farm sector, but he/she will not consider specific parts of any of these sectors. Factors studies include inflation, unemployment, and industrial production, often with the aim of studying the effect of government policy on these factors.

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'macroeconomics' appears in the definitions of these other terms on BusinessDictionary.com

deficit financing, demand management, economic impact, Keynesian economics, new classical economics, and

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