Macroeconomics (Noun)
Meaning
The branch of economics that studies the overall working of a national economy.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The university's economics department offered a range of courses, including microeconomics, macroeconomics, and econometrics.
- Understanding macroeconomics is crucial for policymakers to make informed decisions about taxation, government spending, and monetary policy.
- The book provided a comprehensive overview of macroeconomics, covering topics such as GDP, inflation, and unemployment.
- As a macroeconomics professor, she spent most of her time researching and teaching about the global economy and its trends.
- The macroeconomics team at the Federal Reserve Bank used complex models to forecast economic growth and predict potential recessions.