Given each of the following fiscal policy actions, identify if each action either part of an “EXPANSIONARY” fiscal polic

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Given each of the following fiscal policy actions, identify if each action either part of an “EXPANSIONARY” fiscal polic

Post by answerhappygod »

Given each of the following fiscal policy actions, identify if
each action either part of an “EXPANSIONARY” fiscal policy,
“CONTRACTIONARY” fiscal policy or “NOT PART” of fiscal
policy. Circle your choice.
PLEASE ANSWER ALL QUESTIONS (a-d)
a) The government decides to raise taxes.
Circle one: EXPANSIONARY / CONTRACTIONARY / NOT PART
b) The government creates a new program to help support student
learning in the summer. This includes hiring teachers and
instructors in the summer and spending $1.5
million on creating a new government department in the Ministry of
Education and hiring staff to support this operation.
Circle one: EXPANSIONARY / CONTRACTIONARY / NOT PART
c) More money is printed. These new currency is used by the Bank
of Canada to purchase more Government Bonds and Corporate
Bonds. This increases the amount of money people have in their
pockets and increases liquidity in the money cycle.
Circle one: EXPANSIONARY / CONTRACTIONARY / NOT PART
d) The Province of Ontario announces a cancellation of Electric
Vehicle Rebates. This rebate gave consumers up to $5000 from
the provincial government whenever they purchased a new
electric vehicle.
Circle one: EXPANSIONARY / CONTRACTIONARY / NOT PART
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply