Identify and explain why each of the following is: (a) part of an expansionary fiscal policy, (b) part of a contractionary fiscal policy, or (c) not part of fiscal policy.

(i) The company income tax rate has increased. (ii) Defence spending has increased. (iii) Families are allowed to deduct all their child-care expenses from their taxable income. (iv)Individual income tax rates are decreased. (v) The state of New South Wales is building a new highway to expand employment in the state. (vi)The Reserve Bank of Australia sells government bonds.