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Related to Marginal propensity to consume: Marginal propensity to save, Consumption function


Symbol for megaparsec, i.e. 106 parsecs.


(operating system)
Memory Protection Check.




Multiprocess Communications.


(1) (Mobile PC) A handheld or laptop computer. See handheld computer, laptop and Ultra-Mobile PC.

(2) (MultiPath Channel) See multipath.

(3) (Multimedia PC) Earlier hardware requirements from the Software Publishers Association for PCs. In order to use the MPC logo, vendors had to ensure their systems met certain requirements, all laughable by today's standards. For example, in 1991, the minimum memory for Level 1 was 3MB and only 4MB two years later. In 1997, Dell was the first to be Level 3 certified, the requirements for which are outlined below.

MPC Level 3 (1996)

Processor: 75 MHz Pentium
Input: 2-button mouse, 101 key keyboard
Hard disk: 540MB
CD-ROM: 4x, 250 ms, CD-ROM XA multisession
Sound: 16-bit, wavetable MIDI playback
Graphics performance: color space conversion
and scaling, direct access to frame buffer
Video playback: OM1-compliant MPEG1 in
hardware or software.
References in periodicals archive ?
Just like the poor HtM households, wealthy HtM households have a large marginal propensity to consume out of small transitory income fluctuations.
This result confirms that consumption is proportional to income and net-wealth; that the average propensity to consume (APC) is decreasing in income (equation 12), but increasing in net-wealth, with the marginal propensity to consume (MPC) being constant (equation 13):
The stages are estimated in such a way that one set of parameter estimates is produced, and these parameters can be used to estimate probability of purchase (using the cumulative density function, as with probit) and the marginal propensity to consume (as with OLS).
t] are generated from changes in economic fundamentals, estimates of the marginal propensity to consume out of wealth are of little use in this environment.
Lastly, we present estimates of the marginal propensity to consume leisure (also known as the marginal propensity to earn out of wealth).
We begin by estimating the marginal propensity to consume out of wealth with more modern econometric procedures.
2) In such a model, the coefficient on current income, A, becomes a combination of the marginal propensity to consume out of current income for the forward-looking consumers and the proportion of consumers who are liquidity constrained.
The marginal propensity to consume for cases above the limit is [Mathematical Expression Omitted], and [Delta]F(Z)/[Delta]X is the cumulative probability of being above the limit associated with total expenditures (for calculations of the terms and their derivatives see Maddala (1983, 149-160); McDonald and Moffitt (1980)).
It may be that Ibn Khaldun did not think that private saving amounted to much - he only talks of hoarding - and hence put private marginal propensity to consume near one.
7) The marginal propensity to consume leisure, C, is a less familiar concept but can be related to the income elasticity of labor supply by
It is shown that the marginal propensity to consume out of anticipated labour income is positive if and only if the (intratemporal) elasticity of substitution between consumption and leisure at a given age is greater than the (intertemporal) elasticity of substitution between expenditure on consumption and leisure across two different ages.
Krugman argues that not enough economic integration has been achieved to change two facts: (1) Citizens of each nation have a much higher marginal propensity to consume the goods they themselves produce than do citizens of other countries; and (2) the prices of each nation's labor and goods are sticky in domestic currency.

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