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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Macroeconomics


Synonyms:general economic factor, national productivity
Filed Under: financial-banking, investments
Tags: banking, investment
 

Definition of macroeconomics

macroeconomics
1. Looking at the economy as a whole, particularly the interaction of its various components with one another.

Related Terms and Acronyms:

  • bank rate   Closely related to the overnight rate, the bank rate is the interest rate the Bank of Canada charges to banks and other major financial institutions for one-day loans.
  • deflation   An actual decline in the general level of prices in the economy.
  • depreciation   The gradual loss of value of a building or other property because of age or natural wear.
  • economic indicators   Statistics that help determine how the economy is faring. They include the Consumer Price Index, housing starts, and unemployment rates, among others.
  • fiscal policy   The use of government spending and taxation policies to influence the economy.
  • index   A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes.
  • inflation   A rise in the average level of prices in the economy.
  • microeconomics   Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
  • monetary policy   The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • overnight rate   The interest rate banks use to lend or borrow funds from each other.

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