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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):
Frugality plays a decisive role for the optimal trigger of investment driven development leading to a virtuous cycle between the marginal propensity to consume and GDP growth in growing economies.
Also, under some reasonable conditions, it shows that an individual's marginal propensity to consume with respect to the marginal changes of the uncertainty of the offspring's future income is negative.
The implication of this dual reaction is that the measured marginal propensity to consume out of wealth is unlikely to be constant, as is often assumed.
Current estimates of the marginal propensity to consume out of stock wealth, that is, the "wealth effect" often described in the popular press, range from .
This implicitly assumes that the marginal propensity to consume (MPC) is equal for different forms of wealth, so that a dollar change in housing wealth is constrained to have the same effects as a dollar change in financial or other forms of wealth.
To test the hypothesis that the marginal propensity to consume out of transitory income is zero, fit the following model:
The estimated coefficient, h, on wealth, is described as the marginal propensity to consume out of wealth and is interpreted as the increase in consumer spending associated with an increase in wealth.
Thus, the consumption equation incorporates an estimated higher marginal propensity to consume out of social security benefits (as well as other transfer income) than out of after-tax labor income.
The marginal propensity to consume is the proportion of an infinitely small increase in income which would be spent on consumption.

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