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Glite Dictionary
macroeconomy

macroeconomy

1 5.7
The whole economy of a country, including jobs, prices and the money it makes
  • noun
  • /ˌmækroʊɪˈkɒnəmi/
  • Specialized
translation icon : macroeconomía
  • Perhaps government can indirectly improve the performance of the health care sector by creating an environment that allows the macroeconomy to function properly.

Examples

  • We didn't get these awful policies under Bill Clinton because the macroeconomy was in good shape.

    Blog text (12)

  • What is the impact of the macroeconomy on energy demand and the demand for oil?

    Academic text (1991)

  • The actions taken usually have been thought to affect the macroeconomy through an interest rate channel or a money supply channel.

    Academic text (2017)

  • The macroeconomy is in good shape and is well managed; new state and civic institutions are growing in authority and competence; developmental strategies have been tested, modified, and are now making headway.

    Academic text (2006)

  • Following Iraq's invasion of Kuwait last August, two leading oil market analysts (Charles Maxwell and Phil Verleger) appeared on the MacNeil/Lehrer Report to discuss the effects of the invasion on the oil market and the macroeconomy.

    Academic text (1991)

  • Understanding the impact of government policy on the macroeconomy is essential for effective economic planning.

  • Inflation and unemployment rates are key indicators of a country's macroeconomy.

  • Analysts predict that fluctuations in the macroeconomy will affect job growth in the upcoming year.

Synonyms

economy
vsmacroeconomy
∞ 2.6

The system a country uses to make, sell, and buy goods and services

focuses on overall national indicators like growth, employment, inflation, and income
econ
vsmacroeconomy
  • Informal
1 7.2

The state of money, jobs, and business in a country

is more formal and refers to broad national indicators and trends

How Strong

economic growth
176 2.9
macroeconomy
  • Specialized
1 5.7
recession
  • Specialized
858 4.6
depression
  • Specialized
39 4.0

Surface Forms

macroeconomy singular
macroeconomies plural

Morphology

macroeconomy = economy (semi-transparent) = macro + economy

The word is a straightforward combination of the prefix macro- ('large-scale') with economy, but the resulting sense is a specialized technical term for the aggregate economy.

Etymology

Macroeconomy combines the parts macro- meaning 'large' and economy meaning 'how money and resources are managed'. So macroeconomy is the 'large' picture of a country’s jobs, prices, growth and overall financial health.