Which of the Following Describes the Policy Mix of the Gillard

question 10

Multiple Choice

Which of the following describes the policy mix of the Gillard Labor government in Australia and the Reserve Bank of Australia in 2012?

• A) Fiscal expansion and monetary expansion.
• B) Fiscal expansion and monetary contraction.
• C) Fiscal expansion and tax contraction.
• D) Fiscal contraction and monetary expansion.
• E) Fiscal contraction and monetary contraction.

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Definitions:

Substantial Evidence Test

A legal standard used to review the decisions of administrative agencies, requiring evidence that a reasonable mind might accept as adequate to support a conclusion.

De Novo Review

A type of court review in which the reviewing court considers the matter anew, as if it had not been heard before and without deference to the previous court's decision.

Freedom of Information Act

A U.S. law aimed at ensuring public access to government records, subject to nine exemptions for specific categories of information.

Statutory Obligation

A legal requirement defined by legislation that mandates individuals or entities to act in a specific manner.