Identify each of the following as (1) part of an expansionary fiscal policy, (2) part of a contractionary fiscal policy, or (3) not part of fiscal policy.
a. The corporate income tax rate is increased.
b. Defense spending is increased.
c. The Federal Reserve lowers the target for the federal funds rate.
d. Families are allowed to deduct all their expenses for day care from their federal income taxes.
e. The individual income tax rate is decreased.