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Consumption Function: Economics, The General Theory of Employment, Interest, and Money, John Maynard Keynes , Marginal propensity to consume, Absolute ... Permanent income hypothesis, Milton Friedman - Softcover

 
9786130678524: Consumption Function: Economics, The General Theory of Employment, Interest, and Money, John Maynard Keynes , Marginal propensity to consume, Absolute ... Permanent income hypothesis, Milton Friedman
Softcover
ISBN 10: 6130678525 ISBN 13: 9786130678524
Verlag: Alphascript Publishing, 2010

Inhaltsangabe

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.In economics, the consumption function is a single mathematical function used to express consumer spending. It was developed by John Maynard Keynes and detailed most famously in his book The General Theory of Employment, Interest, and Money. The function is used to calculate the amount of total consumption in an economy. It is made up of autonomous consumption that is not influenced by current income and induced consumption that is influenced by the economy''s income level. The simple consumption function is shown as the linear function: C = c0 + c1Yd, where C = total consumption, c0 = autonomous consumption (c0 > 0), * c1 is the marginal propensity to consume (ie the induced consumption) (0 < c1 < 1), and Yd = disposable income (income after taxes and transfer payments, or W – T). Autonomous consumption represents consumption when income is zero. In estimation, this is usually assumed to be positive. The marginal propensity to consume (MPC), on the other hand measures the rate at which consumption is changing when income is changing. In a geometric fashion, the MPC is actually the slope of the consumption function. The MPC is assumed to be positive.

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Reseña del editor

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.In economics, the consumption function is a single mathematical function used to express consumer spending. It was developed by John Maynard Keynes and detailed most famously in his book The General Theory of Employment, Interest, and Money. The function is used to calculate the amount of total consumption in an economy. It is made up of autonomous consumption that is not influenced by current income and induced consumption that is influenced by the economy''s income level. The simple consumption function is shown as the linear function: C = c0 + c1Yd, where C = total consumption, c0 = autonomous consumption (c0 > 0), * c1 is the marginal propensity to consume (ie the induced consumption) (0 < c1 < 1), and Yd = disposable income (income after taxes and transfer payments, or W – T). Autonomous consumption represents consumption when income is zero. In estimation, this is usually assumed to be positive. The marginal propensity to consume (MPC), on the other hand measures the rate at which consumption is changing when income is changing. In a geometric fashion, the MPC is actually the slope of the consumption function. The MPC is assumed to be positive.

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Verlag
Alphascript Publishing
Erscheinungsdatum
2010
Sprache
Englisch
ISBN 10 
6130678525
ISBN 13 
9786130678524
Einband
Tapa blanda
Anzahl der Seiten
96
Herausgeber
Miller Frederic P., Vandome Agnes F., McBrewster John
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Nicht verfügbar