Dictionary
macroeconomics
noun
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.
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"macroeconomics" is a correct and usable word in written English.
It is used to refer to the study of a nation's economy as a whole, or the study of economics on a large scale. For example, "The macroeconomics of the country have been in a precarious balance since the economic crash of 2008."
Exact(60)
In a Festschrift in honour of Gustav Cassel in 1933, Frisch wielded the term "macrodynamic" in a sense indistinguishable from macroeconomic and used the Norwegian equivalent of macroeconomics in lectures around the same time.
Although these pledges are untested and macroeconomic mistakes are possible, they are less likely than before.Fixing the plumbingBetter macroeconomics is a step forward, but its effect will be muted unless the financial plumbing is working, households are spending and firms are ready to invest.
The distinction between temporary and permanent economic conditions has since remained one of the main concepts in macroeconomics.
Olivier Blanchard's new introduction to macroeconomics is a textbook that (almost) doubles as teacher too.
It argues that macroeconomics, too, should draw lessons from psychology".In some ways, we behavioural economists have won by default, because we have been less arrogant," says Richard Thaler of the University of Chicago, one of the pioneers of behavioural finance.
But in this world, rational investors may contribute to bubbles rather than preventing them.In the early years of the EMH, researchers spent little time worrying about the workings of financial institutions a weakness of macroeconomics too.
I don't see it...This, I think, indicates the scope of the task for macroeconomics that lies ahead.
Japan's mind-bending macroeconomics has also prompted some mould-breaking ideas.
Obviously, this procedure makes no sense and reflects macroeconomics at its worst.
Because of ubiquitous corruption and a capricious tax system, new investment is almost nil.Mr Lazarenko's government has got the macroeconomics more or less right.
WITH eminences like Larry Summers sparking new interest in the idea of "secular stagnation", a particular view about the macroeconomics of the pre-crisis period seems to be coalescing.
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