If the Consumption Function Is Defined as C = 7,250

question 224

Multiple Choice

If the consumption function is defined as C = 7,250 + 0.8Y, what is the value of the multiplier?

• A)0.2
• B)0.8
• C)1.25
• D)5
• E)10

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Definitions:

International PR

The practice of managing communication and relationships between organizations and their diverse publics across different countries and cultures.

Tone of News Coverage

The Tone of News Coverage refers to the overall attitude or approach that news media adopt in reporting stories, which can influence public perception and interpretation.

AVE

Short for Advertising Value Equivalency, a measure used to compare the value of public relations outputs to the cost of media space or time if the same exposure were bought as an advertisement.

PR Value

The perceived value generated through public relations activities, often quantified by media exposure, brand visibility, and impact on public opinion.