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Macroeconomics

Categories: Bonds, Econ

The study of economics from the perspective of the window of a jet at 37,000 feet.

Macroeconomics looks at the behavior of entire societies, in contrast to microeconomics, which focuses on individual households, individual firms, and presumably bacteria.

The key concepts of macroeconomics are aggregate demand and aggregate supply.

Find other enlightening terms in Shmoop Finance Genius Bar(f)