A price discriminating monopolist charges a very high price to the consumers with high price elasticity of demand

Changes in the money supply are ________ to other economic variables, and since the early 1990s the Fed has ________ in monetary policymaking

A) closely connected; emphasized the role of M2 over M1 B) closely connected; emphasized the role of M1 over M2 C) closely connected; emphasized the roles of both M1 and M2 D) no longer closely connected; deemphasized the roles of M1 and M2

China's economic reforms have focused on

A) privatizing state-owned enterprises and increasing efficiency. B) reducing persistent inflation and current account deficits. C) transitioning from socialism and toward private ownership. D) reducing exchange rate instability.