Which of the Following Is NOT an Official Goal of the RBA

question 37

Multiple Choice

Which of the following is NOT an official goal of the RBA according to its Charter?

• A)The stability of the currency of Australia.
• B)The stability of Australia's balance of payments.
• C)The maintenance of full employment in Australia.
• D)The economic prosperity and welfare of the people of Australia.

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Definitions:

Rational Consumer

The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.

Equilibrium

A state of balance in a system where competing forces or influences are equal; in economics, it's where supply equals demand.

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.

Consumer Equilibrium

A state where an individual allocates their income in a way that maximizes their utility, given their budget constraints.