Identify Each of the Following as (I)part of an Expansionary

Essay

Identify each of the following as (i)part of an expansionary fiscal policy; (ii)part of a contractionary fiscal policy; or (iii)not part of fiscal policy.
a.The personal income tax rate is lowered.
b.The government increases spending on defence due to a change in spending priorities.
c.The company income tax rate is lowered.
d.The State of New South Wales builds a new tollway in an attempt to expand employment and ease traffic congestion.
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