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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
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 corporate income tax rate is increased. This is b. Defense spending is increased. This is c. The Federal Reserve lowers the target for the federal funds rate. This is d. Families are allowed to deduct all their expenses for daycare from their federal income taxes. This is e. The individual income tax rate is decreased. This is
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