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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 ?
We begin by estimating the marginal propensity to consume out of wealth with more modern econometric procedures.
Our primary interest centers around the derivative of [C.sub.1] with respect to T which characterizes the marginal propensity to consume (MPC) out of a deficit financed tax cut.
Baseline Calibration: Targets and Parameter Values Calibration targets (a) Real GDP growth g 1.7% Real interest rate r 5% Debt-to-GDP ratio D 130% Coefficient of relative risk aversion Marginal propensity to consume m 6% Frisch elasticity of labor supply Average duration of debt [T.sub.m] 5 Price elasticity of demand Marginal cost elasticity w.r.t.
Consequently, the marginal propensity to consume out of stock market wealth may be smaller than that to consume out of total wealth.
These figures suggest a marginal propensity to consume out of housing wealth of 0.04/0.83 = 0.05, in line with the estimates often cited by analysts and policymakers.
The graph makes clear the key importance of the "fundamental psychological law" that the marginal propensity to consume is less than unity.
To determine if the marginal propensity to consume (and the other coefficients) of these who groups differ, we use a likelihood ratio test (a Chow type test).(5) (Given that [y.sub.2] is the proxy for permanent income, the marginal propensity to spend estimates coule significnatly depend on [y.sub.2] and its variability.
In the "modified" PIH, the marginal propensity to consume out of transitory income is positive, but smaller than the marginal propensity to consume out of permanent income [e.g., Laumas and Laumas (1976)].
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.
It has to be noted that the integration of monetary sector and government's budget constraint in Samuelson's (1939) model increases the value interval of marginal propensity to consume for which the diachronic movement of income is oscillatory.
For this exercise, we will assume that our estimated marginal propensities to consume before-tax dividends in tables 2 and 6 come from a constant marginal propensity to consume (MPC) after-tax dividends, or
This book makes an attempt to estimate some macro-economic structural parameters like marginal propensity to consume, marginal propensity to save, capital-output ratios etc.

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