Our conclusion can be stated in the most general form (taking the propensity to consume as given) as follows.

我们的结论可以用最一般的形式（以给定的消费倾向）表述如下。

It follows, therefore, that, given what we shall call the community's propensity to consume, the equilibrium level of employment, i.e.

因此，给定我们所谓的社区消费倾向， 可以得出均衡的就业水平， 即。

This should be classified amongst the major factors capable of causing short-period changes in the propensity to consume.

这应该被归类为能够导致消费倾向短期变化的主要因素。

For every small fluctuation in the propensity to consume and the inducement to invest would cause money-prices to rush violently between zero and infinity.

因为消费倾向和投资动机的每一次微小波动都会导致货币价格在零和无穷大之间剧烈波动。

For it is unlikely that full employment can be maintained, whatever we may do about investment, with the existing propensity to consume.

因为无论我们对投资做什么，都不太可能在现有的消费倾向下维持充分就业。

But with the growth of wealth and the diminishing marginal propensity to consume, it has tended to become increasingly internecine.

但随着财富的增长和边际消费倾向的下降， 它往往变得越来越自相残杀。

Any fluctuation in investment not offset by a corresponding change in the propensity to consume will, of course, result in a fluctuation in employment.

任何投资波动都不能被消费倾向的相应变化所抵消，当然会导致就业波动。

This conclusion, however, would overlook the distinction between the effects of the marginal propensity to consume and those of the average propensity to consume.

然而，这个结论会忽略边际消费倾向和平均消费倾向的影响之间的区别。

Moreover, the corresponding movements in the stock-market may, as we have seen above, depress the propensity to consume just wlaen it is most needed.

此外，正如我们在上面看到的那样，股市的相应变动可能会在最需要的时候抑制消费倾向。

Thus there will be a reduction in real incomes, except in the case of the newly employed, which may tend to increase the propensity to consume.

因此，实际收入将减少，但新就业者除外，这可能会增加消费倾向。

(5) Hence the volume of employment in equilibrium depends on (i) the aggregate supply function, (ii) the propensity to consume, and (iii) the volume of investment, D2.

(5) 因此， 均衡的就业量取决于 (i) 总供给函数， (ii) 消费倾向， 以及 (iii) 投资量 D2。

Apart from this, we have already allowed for changes in the wage-unit by defining the propensity to consume in terms of income measured in terms of wage-units.

除此之外，我们已经通过根据以工资单位衡量的收入来定义消费倾向，从而允许工资单位发生变化。

Before coming to the multiplier, however, it will be convenient to introduce the conception of the marginal propensity to consume.

然而，在讨论乘数之前，先介绍一下边际消费倾向的概念。

In particular we shall find that fluctuations in the propensity to consume, in the state of liquidity-preference, and in the marginal efficiency of capital have all played a part.

特别是我们会发现消费倾向、流动性偏好状态和资本边际效率的波动都发挥了作用。

But, whilst it may affect considerably a particular individual's propensity to consume, it is likely to average out for the community as a whole.

但是，虽然它可能会显着影响特定个人的消费倾向， 但它很可能对整个社区产生平均影响。

Or, once more, it is suggested that a boom is characterised by 'capital consumption', which presumably means negative net investment, i.e. by an excessive propensity to consume.

或者，再一次，有人认为繁荣的特征是“资本消耗”，这大概意味着负的净投资，即过度的消费倾向。

So far as the balance is restored by a postponement of consumption there is a temporary reduction of the marginal propensity to consume, i.e.

只要通过推迟消费恢复平衡，就会暂时减少边际消费倾向，即。

The effective demand associated with full employment is a special case, only realised when the propensity to consume and the inducement to invest stand in a particular relationship to one another.

与充分就业相关的有效需求是一个特例， 只有当消费倾向和投资动机之间存在特定关系时才会实现。

A diminished propensity to consume to-day can only be accommodated to the public advantage if an increased propensity to consume is expected to exist some day.

如果预计某一天消费倾向会增加，那么今天消费倾向的减少只能对公众有利。

Hence, if there is no change in the propensity to consume, employment cannot increase, unless at the same time D2 is increasing so as to fill the increasing gap between Z and D1.

因此，如果消费倾向没有变化，就业就不能增加，除非D2同时增加以填补Z和D1之间日益扩大的差距。