Word
macroeconomic
Phoneticsmacroe·co·nom·ic
US/ˌmækɹoʊɛkəˈnɑmɪk/
UK/mˌækɹəɹˌiːkənˈɒmɪk/
Definition
adj. relating to the large parts of an economy, such as a whole country or the global market. It focuses on big things like total growth, prices, and jobs rather than individual people or companies.
adj. relating to the branch of economics that deals with large-scale or general economic factors. Typically describes variables such as gross domestic product, national income, and aggregate price levels.
Examples
“The government is changing its macroeconomic policy to lower inflation.”
“Macroeconomic stability is essential for attracting long-term foreign investment into the country's manufacturing sector.”
“The central bank must balance macroeconomic indicators like unemployment and interest rates to ensure sustainable growth without overheating the economy.”
Examples
simple
“The government is changing its macroeconomic policy to lower inflation.”
contextual
“Macroeconomic stability is essential for attracting long-term foreign investment into the country's manufacturing sector.”
complex
“The central bank must balance macroeconomic indicators like unemployment and interest rates to ensure sustainable growth without overheating the economy.”
Usage
Typically used attributively before a noun; often contrasted with 'microeconomic'.
Real-World Examples
“The International Monetary Fund (IMF) said Nigeria’s reforms had improved macroeconomic stability, but warned that living conditions remained difficult for many citizens.” “But just as with tourism, the macroeconomics benefits are not always easy for the layman to discern.” Domain
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.C1 AdvancedIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.7.0–8.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 5.0–5.595–113TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.945–990
- Frequency
- Occasional
- Level
- C1 · Advanced
- Updated
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englishreference.com/q/macroeconomic