In 1963, Government Economists Assumed That the MPC for the United

question 122

Multiple Choice

In 1963, government economists assumed that the MPC for the United States was approximately 0.90.If taxes were cut by $9 billion, then consumer expenditures would initially be expected to

• A)decrease by $9.0 billion.
• B)increase by $9.0 billion.
• C)decrease by $8.1 billion.
• D)increase by $8.1 billion.

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Definitions:

Schramm's Model

A communication model that emphasizes the importance of feedback in the encoding and decoding process, highlighting the interactive nature of communication.

Harold Lasswell

A political scientist and communication theorist known for his model of communication, which focuses on the analysis of the process "Who Says What In Which Channel To Whom With What Effect."

Wilbur Schramm

A key figure in communication studies, recognized for his contributions to the field of mass communication and for being one of the founders of communication studies.

Early Communications Model

A foundational concept in communications theory that describes how messages are transmitted from a sender to a receiver.