Classify each statement as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscalpolicy.

Classify each statement as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscal policy. Expansionary fiscal policy Contractionary fiscal policy Not an example of fiscal policy Answer Bank an increase in the money supply a decrease in taxes an increase in corporate bonds purchased an increase in government spending a decrease in government spending an increase in tax rates a decrease in the money supply a decrease in the unemployment rate a decrease in transfer payments