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Meaning of macroeconomic model

Source language: EnglishDictionary language: English

macroeconomic

Pronunciation:/ˌmækɹəʊˌiːkəˈnɒmɪk//ˌmækɹoʊˌɛkəˈnɑːmɪk/

adjective

Definitions

  1. Relating to macroeconomics.

  2. Relating to the entire economy, including the growth rate, money and credit, exchange rates, the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.