ISLM MODEL
A macroeconomic tool that shows two intersecting curves called the investment/saving (IS) and liquidity preference/money supply equilibrium (LM) curves. It demonstrates the connection between interest rates and real output in the goods and services market, as well as in the money market. IS curve is a variation of the income/expenditure model that includes market interest rates (demand for this model), while LM curve displays the amount of money available for investing (supply for this model).
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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