Macroeconomics

The total monetary value of all finished goods and services produced within a country's borders in a specific time period.

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

The process by which a central bank controls the money supply and interest rates to achieve macroeconomic objectives.

Government policy regarding taxation and spending to influence economic conditions.

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, income, employment, and production.