Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

**PLEASE HELP 20 PTS**
was the Omnibus Budget Reconciliation Act of 1993 contractionary or expansionary and why?
was the Economic Growth and Tax Relief Reconciliation Act of 2001 contractionary or expansionary and why?

Sagot :

Answer: Expansionary policies are intended to increase economic growth, and contractionary policies are intended to decrease economic growth.

Explanation:

Expansionary policies refer to policies which aim at encouraging or increasing economic growth. The Central Bank makes use of these policies to increase the money supply in the economy thereby expanding it and lowers interest rates.

Contractionary policies refer to the policies used by the Central government to fight inflation and reduce government spending in the economy. These policies raise interest rate in the economy in order to make lending more expensive and as a result decrease economic growth of the

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.