Which of the Following Is Considered Contractionary Fiscal Policy

question 279

Multiple Choice

Which of the following is considered contractionary fiscal policy?

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

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Definitions:

Relations-Oriented

A leadership approach focused on building strong interpersonal connections and teamwork.

Harmonizing

The process of bringing different elements into a coherent or compatible arrangement, often used in context with music, relationships, or ideas.

Diversity Competency

Diversity competency involves understanding and appreciating differences among people, including culture, race, gender, and religion, fostering an inclusive environment.

Upper-Management

Refers to the highest level of managers within an organization who have the most power and make the most critical decisions.