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❶If a major copper mine collapses in South America, the price of copper will tend to increase, because supply is restricted. Why It Matters Macroeconomists look for ways to meet economic policy goals and create economic stability.


What is 'Microeconomics'
BREAKING DOWN 'Macroeconomics'

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A Glossary of Macroeconomics Terms Economics-- The study of how a given society allocates scarce resources to meet (or satisfy) the unlimited wants and need of its members. Employment-- A measure of those individuals in the labor force working, at least one hour per week, for pay.

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The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.

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Recurring increases and decreases (fluctuations) in the level of in economic activity over periods of years; consists of peak, recession, trough, and expansion phases. Macroeconomics, in its most basic sense, is the branch of economics that deals with the structure, performance, behavior and decision-making of the whole, or aggregate, economy, instead of.

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Definition of macroeconomics.: a study of economics in terms of whole systems especially with reference to general levels of output and income and to the interrelations among sectors of the economy — compare microeconomics. Macroeconomics. The subdivision of the discipline of economics that studies and strives to explain the functioning of the economy as a whole -- the total output of the economy, the overall level of employment or unemployment, movements in the average level of prices (inflation or deflation), total savings and investment, total consumption and so on.