Which of the following is considered expansionary fiscal policy?
A) Congress decreases the income tax rate.
B) Congress increases defense spending.
C) Legislation increases a college tuition deduction from federal income taxes.
D) The Arizona legislature cuts highway spending to balance its budget.
Correct Answer:
Verified
Q56: Figure 16-1 Q57: An increase in individual income taxes _ Q58: Prior to the 1930s,the majority of dollars Q59: Expansionary fiscal policy involves Q60: Tax cuts on business income _ aggregate Q62: Which of the following is considered contractionary Q63: Tax increases on business income decrease aggregate
A)increasing government purchases or
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