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.

Use macroeconomics in a sentence

You should try and do a good study on macroeconomics to find the best way for you to proceed in the future.

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I chose to study macroeconomics in college because I wanted to know what caused episodes like the great depression and the recent recession.

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My boss is an expert on macroeconomics and believes that the lack of trade between the United States and Cuba will lead to a depression in Cuba.

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multiplier economics