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MPC |
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See Market Performance Committee. Marginal Propensity To Consume In Keynesian economics, the amount of a person's increase in income spent on goods and services as opposed to saved. It is measured as a ratio of a change in consumption to a change in income. For example, if one receives a $5,000 raise in salary and spends $3,000, the MPC is 0.6. Factors affecting the MPC include interest rates and the relative expense of goods and services. See also: Marginal propensity to save. Market Performance Committee A committee on the New York Stock Exchange that monitors and evaluates market makers. That is, the MPC is charged with ensuring that market makers do their job to maintain the orderly and liquid exchange of securities. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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