Which of the Following Is Considered Expansionary Fiscal Policy

question 47

Multiple Choice

Which of the following is considered expansionary fiscal policy?

• A)Congress decreases the income tax rate.
• B)Congress increases defense spending.
• C)Legislation increases a college tuition deduction from federal income taxes.
• D)The Arizona legislature cuts highway spending to balance its budget.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and costs, from its total revenues.

Accrued Revenue

Revenue that has been earned but not yet received, typically recorded with an adjusting journal entry.

Tutoring

The act of providing personal or group instruction or assistance in a particular subject or skill, aiming to improve the learner's understanding or proficiency.

Invoiced

The process of sending a document to a customer indicating amounts owed for goods or services provided.