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:

DVCs

This abbreviation can stand for "Dynamic Voltage and Frequency Scaling," an energy-saving technique in computing, but in economic terms, NO.

Infrastructure

The interconnected network of large-scale capital goods (such as roads, sewers, electrical grids, railways, ports, and the Internet) needed to operate a technologically advanced economy.

Entrepreneurial Class

A segment of society that is involved in or has the capacity to undertake new business ventures and innovate, often leading to job creation and economic development.

Capital Investment

Funds invested in a business with the intent of enhancing its capacity or operations, often involving expenditures on equipment or infrastructure.