Why are federal government actions that increase deficits considered expansionary fiscal policy and those that decrease deficits considered contractionary fiscal policy?

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Differentiate between expansionary and contractionary fiscal policy. Explain expansionary fiscal policy and its effects on the economy and Federal budget. Explain contractionary fiscal policy and its effects on the economy and Federal budget.

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When government policymakers reduce the level of government spending or increase the level of taxation, they are using:

a) Contractionary fiscal policy.

b) Expansionary fiscal policy.

c) Expansionary monetary policy.

d) Automatic stabilization policy.

Expansionary Fiscal Policy: Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following:

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Why are federal government actions that increase deficits considered expansionary fiscal policy and those that decrease deficits considered contractionary fiscal policy?

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