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.Parliament cuts spending on defence.
c.Students in post-secondary education are allowed to deduct tuition costs from their federal income taxes.
d.The corporate income tax rate is lowered.
e.The Province of Ontario builds a new tollway in an attempt to expand employment and ease traffic in Toronto.

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The Answer of 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.Parliament cuts spending on defence.
c.Students in post-secondary education are allowed to deduct tuition costs from their federal income taxes.
d.The corporate income tax rate is lowered.
e.The Province of Ontario builds a new tollway in an attempt to expand employment and ease traffic in Toronto.

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