You lose your job and, as a result, you buy more frozen pizzas. For you, frozen pizza are a(n)

Which of the following is an example of expansionary monetary policy?

A) Congress passing a new government stimulus package. B) The Fed raising the discount rate for member banks. C) The Fed increasing the money supply to push interest rates lower. D) The president signing an executive order to raise the minimum wage of government employees.

Total revenue falls as the price of a good is raised, if the demand for the good is:

A. Elastic B. Inelastic C. Unitary elastic D. Perfectly elastic