What Is Macroeconomics? Macroeconomics is a branch of economics that studies how an overall economy—the markets, businesses, consumers, and governments—behave. Macroeconomics examines economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. Some of the key questions addressed by macroeconomics include: What causes unemployment?
What Is the Macroeconomic Stabilization Fund (FEM)? The Macroeconomic Stabilization Fund (FEM) was established by Venezuela to stabilize cash flow from oil production. However, the administration of President Hugo Chávez, who came to power soon after, ignored the fund and attempted to dismantle it later. His administration is reported to have used the fund’s proceeds
What Is a Macro Virus? A macro virus infects a software program and causes a series of actions to begin automatically when the program is opened. It operates like a normal macro and often installs itself in the place of an existing macro. Key Takeaways A macro virus is a type of computer exploit or
What Is a Mad Hatter? A mad hatter is a chief executive officer (CEO) whose ability to lead a company is highly suspect. Mad Hatter CEOs are often characterized by misconduct or impulsive and puzzling decisions that employees, board members, and shareholders may question. They often act spontaneously with little regard for viable alternatives or
What Is the Madrid Stock Exchange Computer Assisted Trading System (MSE CATS)? The term Madrid Stock Exchange Computer Assisted Trading System (MSE CATS) refers to an electronic trading platform that was used by the Madrid Stock Exchange. The system, which was based on the Toronto Computer Assisted Trading System, was adopted in 1989. As the
What Is the Madrid Stock Exchange (MAD) .MA? The Madrid Stock Exchange is the largest securities market in Spain. It is also known as the Bolsa de Madrid. In 1809, Jose I Bonaparte attempted to establish Spain’s first stock exchange in Madrid, but it failed because Madrid was not a major business center. It wasn’t until
What Is Modified Adjusted Gross Income (MAGI)? The term modified adjusted gross income (MAGI) refers to an individual’s adjusted gross income (AGI) after taking into account certain allowable deductions and tax penalties. It is an important number to understand since it can help reduce an individual’s taxable income (to account for your retirement account contributions)
What Is Magna Cum Laude? Magna cum laude is an academic honorific used by educational institutions to signify that an academic degree was earned with notable distinction. Magna cum laude is a Latin phrase that translates into English as “with great praise” and is one of three commonly used academic degree honors—the others being summa
Magnetic Ink Character Recognition (MICR) Line Magnetic ink character recognition (MICR) is a technology used primarily to identify and process checks. The MICR on a check is the string of characters that appears at the bottom left of the check. It consists of three groups of numbers, including the bank routing number, the customer’s account
What Is a Lot (Securities Trading)? Lots in securities and trading represent the number of units of a financial instrument bought on an exchange. Typically, the number of units is conveyed by the lot name. For example, in the stock market, a round lot is 100 shares. However, investors do not have to buy round
