Products Which Are Purchased by End Users for Their Personal

question 85

Short Answer

Products which are purchased by end users for their personal use are _________ goods, while products which are purchased by companies for production purposes are _________ goods.
industrial; consumer
capital; accessory
consumer; industrial
high utility; low utility
none of these

---

Definitions:

Discretionary Policy

Discretionary Policy involves the deliberate use of monetary or fiscal policy changes by government policymakers to address economic issues.

Monetary Policy

Actions undertaken by a central bank to control the supply of money and interest rates in its economy.

Fiscal Policy

Government policies related to taxation and government spending to influence the economy.

Lags

Lags refer to the delay between the implementation of economic policy or action and its actual effect on the economy, often observed in fiscal and monetary policies.