Which of the Following Is Considered Contractionary Fiscal Policy

question 232

Multiple Choice

Which of the following is considered contractionary fiscal policy?

• A)Parliament increases the income tax rate.
• B)Parliament increases the Canada Health Transfer.
• C)Legislation removes a college tuition deduction from federal income taxes.
• D)The Ontario legislature cuts highway spending to balance its budget.
• E)The Saskatchewan government increases spending to clean up abandoned oil wells.

Understand the effect of transactions on account balances and the accounting equation.

Describe the process and importance of setting up a chart of accounts.

Analyze and record the changes in account balances due to transactions.

Understand the concept and characteristics of cryptocurrencies.

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Definitions:

Depression

A mood disorder characterized by persistent feelings of sadness, loss, or anger that interfere with everyday activities.

Incurable

Refers to a disease or condition that cannot be cured or adequately treated.

Mentally Healthy

A state of wellbeing in which an individual realizes their own abilities, can cope with the normal stresses of life, work productively, and contribute to their community.

Social Causation

The theory that societal factors such as poverty, inequality, and social disorganization contribute to the development of mental health issues and other social problems.