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marital arts by achievementunlocked April 19, 2018
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marginal propensity to consume
*noun*; in Keynesian economics, the rate at which aggregate consumption rises in response to a rise in national income.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
Not only is the marginal propensity to consume weaker in a wealthy community, but, owing to its accumulation of capital being already larger, the opportunities for further investment are less attractive...
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
marginal propensity to consume by Abu Yahya March 3, 2009
maritals
Sexual relations between husband and wife. Used in mockery of conservatives who think sex should only happen in marriage.
Bubbles Marital Bliss
A ménage à trois (or even of four or more) with some pretty bright young things in the hope of spicing up an already flagging marriage; any artificial stimulant used in the context of conjugal rites with an eye to rekindling the lusty fires of one's honeymoon. Part of a wider codified lexicon employed by Oxbridge Dons.
Wife Figure: 'Darling, I do hate to be uncouth, but why don't we forget the Connect Four just for one evening, put little Tarquin to bed and have ourselves some Bubbles Marital Bliss?\
Husband Figure: 'Daisy, you've made a scene. I think you'd better leave.'
Husband Figure: 'Daisy, you've made a scene. I think you'd better leave.'
Bubbles Marital Bliss by Mdme Bovary February 19, 2010