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Refer to the information provided in Figure 14.7 below to answer the questions that follow.
Figure 14.7
-Refer to Figure 14.7.Suppose the economy is at Point A,and the cost of inputs is fixed.An increase in government spending could move the economy to Point
McLuhan
Marshall McLuhan was a Canadian philosopher and professor known for his work on media theory and his prediction of the World Wide Web nearly thirty years before it was invented.
Medium Matters
The concept that the medium through which information is conveyed affects the interpretation and understanding of that information.
Baudrillard
A French sociologist and philosopher known for his theories on media, simulation, and hyperreality.
Simulation
Baudrillard’s assertion that media create a “simulated” world through the reinforcement of certain images and signs.
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