macroeconomic — relating to the large-scale or general economic factors, such as interest rates and national productivity
Part of speech: ADJECTIVE
Definition: relating to the large-scale or general economic factors, such as interest rates and national productivity
Pronunciation (IPA): /ˌmækroʊˌiːkəˈnɑːmɪk/
Example Sentences
- My economics professor loves macroeconomic theories so much, he dreams about GDP growth rates.
- The central bank's macroeconomic forecast predicted steady economic growth.
- Understanding macroeconomic principles helps explain why coffee prices suddenly skyrocket nationwide.
macroeconomic
ADJECTIVE[/ˌmækroʊˌiːkəˈnɑːmɪk/]
relating to the large-scale or general economic factors, such as interest rates and national productivity
relating to the large-scale or general economic factors, such as interest rates and national productivity
Academic theories become dynamic through macroeconomic analysis!
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🎤Pronunciation
🌳Etymology
Origin
The term emerged in the 20th century with the development of modern economics, combining Greek 'makros' (large, long) with 'economic' (from Greek 'oikonomikos', relating to household management or economy). It describes the study of entire national economies rather than individual firms or consumers.
Breakdown
macro- (from Greek makros, meaning 'large' or 'great') + economic (from Greek oikos, 'household' + nomos, 'law' or 'management', via Latin economicus).
🎵Rhyme
🔗Collocations
📝Examples
“My economics professor loves macroeconomic theories so much, he dreams about GDP growth rates.”
“The central bank's macroeconomic forecast predicted steady economic growth.”
“Understanding macroeconomic principles helps explain why coffee prices suddenly skyrocket nationwide.”
“She became a macroeconomic expert after realizing microeconomics was too small for her big ambitions.”
📚Related Words
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