Macroeconomic System

A Macroeconomic System is an economy that is composed of multiple interdependent economic markets.

• AKA: Macroeconomy.
• Context:
  • It can be empirically characterized by a Macroeconomic Measure.
  • It can be theoretically characterized by a Macroeconomic Theory.
• Example(s):
  • an Economic Agent Population, such as workers.
  • …
• Counter-Example(s):
  • a Microeconomic System.
• See: Output (Economics), Consumption (Economics), Economic Agent.

---

---

References

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Macroeconomics Retrieved:2014-6-9.
  • Macroeconomics … is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies.

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Microeconomics Retrieved:2014-6-9.
  • … This is in contrast to macroeconomics, which involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment." ...

---