Definition

This word describes things that are connected to the overall economy, including aspects like growth, employment, and prices.

Example

The government implemented macroeconomic policies to stabilize the economy during the recession.

Conversation

Have you been keeping up with the latest macroeconomic news?

Yeah, it's fascinating how it impacts our daily lives.

I find it interesting how macroeconomic trends can affect job opportunities.

Absolutely! It really shapes the market and influences what industries thrive.

Synonyms & Antonyms

Root Explanation

Macroeconomic is formed from "macro-" (from Greek "makros", meaning large) and "economic" (from Greek "oikonomikos", meaning pertaining to household management or economics). The term refers to the branch of economics that studies the behavior and performance of an economy as a whole, focusing on large-scale economic factors.

Memory Tip

Think of 'macro-' meaning large, and 'economic' relating to household management. This helps you remember that 'macroeconomic' deals with large-scale economic issues.

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