Macroeconomics
Definition
Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole, focusing on factors like inflation, unemployment, GDP growth, and government policies.
Related terms
Fiscal Policy: Government actions related to taxation and spending aimed at influencing aggregate demand in order to stabilize the economy.
Monetary Policy: Actions taken by central banks (like the Federal Reserve) to control money supply and interest rates with the goal of stabilizing prices and promoting economic growth.
Business Cycle: The recurring pattern of expansion (economic growth) followed by contraction (recession) in an economy over time.
"Macroeconomics" appears in:
Subjects (1)
Intro to Business
Study guides (1)
AP Microeconomics - 1.1 Basic Economic Concepts: Scarcity
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About Us
About Fiveable
Blog
Careers
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.