Examlex

Solved

Which of the Following Would Be Categorized as an Unconventional

question 97

Multiple Choice

Which of the following would be categorized as an unconventional monetary policy tool?


Definitions:

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.

Marginal Utility

The change in satisfaction or benefit derived from consuming an additional unit of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Diminishing Marginal Utility

The decrease in satisfaction or usefulness obtained from each additional unit of consumption.

Related Questions