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Macroeconomy: meaning, definitions and examples

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macroeconomy

[ ˌmæk.rəʊ.ɪˈkɒn.ə.mi ]

Noun

^{Context #1 | Noun}

study of large-scale economic factors

Macroeconomy refers to the overall performance of a country's economy as a whole, focusing on factors such as inflation, unemployment, economic growth, and national income. It is concerned with the aggregate outcomes of economic activities.

Synonyms

macroeconomic conditions, national economy.

Which Synonym Should You Choose?

Word	Description / Examples
macroeconomy	Refers to the overall economic system of a country or region. It's useful in discussions about broad economic trends, policies, and overall economic health. The government's fiscal policy had a significant impact on the macroeconomy. Experts predict that the macroeconomy will recover by the end of the year.
national economy	Used to describe the economic system and conditions specific to a single nation, often in the context of comparing it to other countries or discussing national policies. The national economy showed signs of growth this quarter. Trade policies significantly influence the strength of the national economy.
macroeconomic conditions	Describes the current state or set of circumstances affecting the macroeconomy, usually focusing on specific factors like inflation, unemployment, and GDP growth. Investors are concerned about the current macroeconomic conditions. The central bank is monitoring macroeconomic conditions closely before making any policy changes.

Word

Description / Examples

macroeconomy

Refers to the overall economic system of a country or region. It's useful in discussions about broad economic trends, policies, and overall economic health.

The government's fiscal policy had a significant impact on the macroeconomy.
Experts predict that the macroeconomy will recover by the end of the year.

national economy

Used to describe the economic system and conditions specific to a single nation, often in the context of comparing it to other countries or discussing national policies.

The national economy showed signs of growth this quarter.
Trade policies significantly influence the strength of the national economy.

macroeconomic conditions

Describes the current state or set of circumstances affecting the macroeconomy, usually focusing on specific factors like inflation, unemployment, and GDP growth.

Investors are concerned about the current macroeconomic conditions.
The central bank is monitoring macroeconomic conditions closely before making any policy changes.

Examples of usage

The government is closely monitoring the macroeconomy to ensure stable economic growth.
Macroeconomy analysis suggests that the country is heading towards a recession.
Policy decisions are often made based on the current state of the macroeconomy.

Translations

Translations of the word "macroeconomy" in other languages:

🇵🇹 macroeconomia

🇮🇳 मैक्रोइकोनॉमी

🇩🇪 Makroökonomie

🇮🇩 makroekonomi

🇺🇦 макроекономіка

🇵🇱 makroekonomia

🇯🇵 マクロ経済学

🇫🇷 macroéconomie

🇪🇸 macroeconomía

🇹🇷 makroekonomi

🇰🇷 거시경제학

🇸🇦 الاقتصاد الكلي

🇨🇿 makroekonomie

🇸🇰 makroekonómia

🇨🇳 宏观经济学

🇸🇮 makroekonomija

🇮🇸 makróeðlisfræði

🇰🇿 макроэкономика

🇬🇪 მაკროეკონომიკა

🇦🇿 makroiqtisadiyyat

🇲🇽 macroeconomía

Etymology

The term 'macroeconomy' originated in the mid-20th century as a way to describe the broader economic context in which individual economic decisions take place. It gained prominence as economists sought to understand the interactions and interdependencies of various economic sectors within a country. The study of macroeconomy has since become a crucial aspect of economic analysis and policymaking.

See also: economic, economical, economics, economizer.