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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.Congress cuts spending on defense.
c.College students are allowed to deduct tuition costs from their federal income taxes.
d.The corporate income tax rate is lowered.
e.The state of Nevada builds a new tollway in an attempt to expand employment and ease traffic in Las Vegas.
FCFS
First Come, First Served, a principle or method used in various contexts where services or resources are provided to the first requestor in the order they are received.
EDD
Expected due date, commonly used in project management and logistics to plan and prioritize tasks based on their deadlines.
SPT
Shortest Processing Time; a priority rule used in scheduling to sequence jobs by ascending order of their processing times.
LPT
Longest Processing Time, a rule used in job sequencing problems to schedule jobs in descending order of their processing times.
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