When an outcome is weighted by a probability, it becomes an expected value

Monetary policy refers to the government's

A) decisions on how much money to spend. B) decisions on how much money to collect in taxes. C) plans for retiring the national debt. D) management of the money supply and interest rates to achieve macroeconomic objectives.

For direct price discrimination to work effectively

a. The low-valued group should not be able to arbitrage b. Charge the same price to the different groups c. Both groups should have the same elasticity of demand d. None of the above