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Business, 03.12.2019 23:31 DASASDAEDWEDA

Is each of the following policies an example of expansionary or contractionary fiscal policy? explain your answers in terms of the effect on aggregate demand.

a. the government slashes funding for the environmental protection agency, without changing any other spending. this is fiscal policy that will shift aggregate demand to the .

b. the government raises taxes on households making more than $250,000. this is fiscal policy that will shift aggregate demand to the .

c. the government decides to fill gaps in medicare by making it available to more people. this is fiscal policy that will shift aggregate demand to the

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