If consumers save 20% of new income and spend 80% of new income, then their marginal propensity to consume (MPC) is 0.8. Using an MPC multiplier, the equation would be: Economists and bankers ...

School of Mathematics and Statistics, Hebei University of Economics and Business, Shijiazhuang 050061, P. R. China Center for Differential Equations and their Applications, Hebei University of ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...