The marginal propensity to save and the marginal propensity to consume are both measurements relative to the amount of expendable income in the budget of individuals and businesses alike. The ...

This study has demonstrated the use of a type 2 tobit model to impute the incomes for nonresponding households. The imputed incomes generated from the type 2 tobit model for nonresponding households ...

This paper provides a theoretically plausible model to explain the equation of exchange, deriving it from an agent's utility maximization problem and the profit maximizing behavior of a competitive ...