What Consequences Follow the Character and Quality of Media Coverage

question 64

Essay

What consequences follow the character and quality of media coverage of political news when news organizations are privately owned? How does this differ from the type of coverage provided by publicly owned organizations?

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Definitions:

Discretionary Fiscal Policy

Government policy involving changes in taxation and spending that are undertaken explicitly to influence economic activity.

Price Level

The econ-wide median price across the complete array of produced goods and services.

Potential Level

The potential level refers to the maximum output that an economy can produce without leading to inflation, considering all factors of production are fully utilized.

Autonomous Net Taxes

Taxes that are not influenced by economic activity levels, operating independently of the economy's output.