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Index: Political Economy Terms

What is 'Macroeconomics'

❶Government - Expenditures, Taxes and Debt Macroeconomics: The generation following Keynes combined the macroeconomics of the General Theory with neoclassical microeconomics to create the neoclassical synthesis.

macroeconomic

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Macroeconomics
Financial Definition of MACROECONOMICS

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Gross Domestic Product (GDP)

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A Glossary of Macroeconomics Terms The Accelerator -- A parameter that defines the relationship between national income and required capital stock. An Asset -- Anything of value owned by an individual, institution or economic agent.

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(G) Expenditures by government for goods and services tat government consumes in providing public goods and services that government consumes in providing public goods and for public (social) capital that has a long lifetime; the expenditures of all governments in .

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Start studying AP Macroeconomics Terms. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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 focusing on individual markets. Meanwhile, microeconomics looks at economic tendencies, or what can happen when individuals make certain choices.

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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. Macroeconomics definition is - 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.