macroeconomy
Aggregate economic system
The macroeconomy refers to the economy of a nation, region, or the world considered as a whole rather than in its individual parts.
It encompasses large-scale economic factors like gross domestic product, inflation rates, unemployment levels, and international trade balances.
Economists study the macroeconomy to understand broad trends and guide policy decisions, distinguishing it from microeconomics, which examines individual businesses and consumers.
The Federal Reserve monitors the macroeconomy to set interest rates.
National output abbreviation
- unemploymentBeing without paid work
- inflationSustained price level increase
- CPIInflation measurement abbreviation
- productivityOutput relative to input
Of public revenue
- monetaryOf or about currency
- stimulusWhat prompts a reaction
- austerityEnforced economic stringency
- treasuryStored organizational funds
budget · deficit · taxation · spending · regulation · deregulation · subsidies · bailout
Prolonged economic decline
- expansionIncrease in scope
- boomLoud deep sound
- bustFailure or sculpture
- recoveryRegaining what was lost
contraction · downturn · upturn · depression · stagnation · overheating · soft-landing · trough
Inflation measurement abbreviation
- deflationSustained decrease in prices
- hyperinflationExtreme rapid price escalation
- stagflationStagnant growth meets inflation
- disinflationDecreasing rate of increase
Pro-intervention economic theory
- neoclassicalReviving ancient aesthetic principles
- monetaristMoney-supply-first economist
- supply-sideProduction-centered economic theory
- demand-sideEmphasizing consumer spending
Goods sold abroad
- importsGoods brought in
- tariffsTaxes on imports
- protectionismShielding local producers
- WTOGlobal commerce regulator
Convertibility to cash
- contagionDisease spread by contact
- deleveragingLowering financial leverage ratios
GDP
National output abbreviation
- unemploymentBeing without paid work
- inflationSustained price level increase
- CPIInflation measurement abbreviation
fiscal
Of public revenue
treasury · budget · deficit · taxation · spending · regulation · deregulation · subsidies · bailout · countercyclical
recession
Prolonged economic decline
recovery · contraction · downturn · upturn · depression · stagnation · overheating · soft-landing · trough · peak
CPI
Inflation measurement abbreviation
- deflationSustained decrease in prices
- hyperinflationExtreme rapid price escalation
- stagflationStagnant growth meets inflation
Keynesian
Pro-intervention economic theory
- neoclassicalReviving ancient aesthetic principles
- monetaristMoney-supply-first economist
- supply-sideProduction-centered economic theory
exports
Goods sold abroad
- importsGoods brought in
- tariffsTaxes on imports
- protectionismShielding local producers
WTO · globalization · sanctions · quotas
liquidity
Convertibility to cash
- contagionDisease spread by contact
- deleveragingLowering financial leverage ratios
macroeconomymicroeconomy
Economics of individual agents
microeconomics · consumer behavior · personal finance · local economy