Which of the following situations describes the use of contractionary fiscal policy?

Select one:

a.Canada's Economic Action Plan of 2009.

b.Investment Tax Credit of 2009

c.

Argentina's reductions in government spending and increases in taxes during the period 1997 to 2001

d.

Prime Minister Brian Mulroney's introduction of the Goods and Service Tax (GST) in 1991

e.Answers (c) and (d) are both examples of contractionary fiscal policy.