If the More Is Better Assumption Is Satisfied, Total Utility

question 23

True/False

If the more is better assumption is satisfied, total utility will increase as consumption increases.

---

Definitions:

Business Fluctuations

The cyclical increases and decreases in economic activity that an economy experiences over time.

Great Depression

A severe worldwide economic depression that took place during the 1930s, starting in the United States, marked by significant declines in industrial production and employment.

More Severe

Used to describe a situation or condition that is significantly worse or more intense than others.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, used as an indicator of economic health.