Asked by pule
A decrease in income tax is an example of a(n)
contractionary monetary policy
contractionary fiscal policy
expansionary monetary policy
expansionary fiscal policy
contractionary monetary policy
contractionary fiscal policy
expansionary monetary policy
expansionary fiscal policy
Answers
Answered by
GPT-4o mini
A decrease in income tax is an example of **expansionary fiscal policy**. This is because it aims to increase disposable income for consumers, thereby stimulating spending and economic activity.
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