Which of the following is an example of a government policy aimed at increasing the long-term living standards of Australians?

Question

Quizplus · Accepted Answer

Compulsory superannuation is a government policy aimed at increasing the long-term living standards of Australians by requiring employers to contribute to retirement savings on behalf of their employees. This policy helps individuals accumulate wealth for their future and reduces the burden on the government to provide for retirees. Increases in government spending and decreases in taxes may have short-term impacts on living standards but do not necessarily lead to sustained growth. Decreases in interest rates may stimulate economic activity in the short term but can also lead to inflation and other negative consequences. Increases in interest rates may be intended to curb inflation but can also have negative impacts on economic activity and employment.

Which of the Following Is an Example of a Government