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Definition 2024


macroeconomics

macroeconomics

English

Norwegian economist Ragnar Frisch

Noun

macroeconomics (uncountable)

  1. 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.

Antonyms

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Translations

References

  1. Ragnar Frisch (1933) Propagation Problems and Impulse Problems in Dynamic Economics, London: Allen & Unwin.