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

question 9

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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Definitions:

Reckless Ignorance

A state of disregarding or showing indifferent concern towards the consequences of one’s actions, often leading to harm or risks.

Embezzled Funds

Money that is dishonestly taken from an employer or organization by someone in a position of trust, typically for personal use.

Unqualified Opinion

An auditor's report that the financial statements of an entity present fairly its affairs in all material respects according to the applicable financial reporting framework.

CPA

Certified Public Accountant, a professional designation given to accountants who pass a licensing examination in accounting.