macroeconomics
Definition from Wiktionary, the free dictionary
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[edit] English
[edit] Etymology
macro- (large scale-) + economics. The first published use of the term was by the Norwegian economist Ragnar Frisch in 1933.[1]
[edit] Pronunciation
[edit] Noun
macroeconomics (uncountable)
- 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.
[edit] Antonyms
[edit] See also
- econometrics, also coined (in current sense) by Frisch
[edit] Translations
study of the entire economy
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[edit] References
- ^ 1933, Frisch, Ragnar, Propagation Problems and Impulse Problems in Dynamic Economics, London: Allen & Unwin: