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The 2020-21 budget was an example of Group of answer choicesexpansionary fiscal policycontractionary fiscal policy

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Solution 1

The 2020-21 budget can be considered an example of expansionary fiscal policy. This is because many governments around the world increased spending and cut taxes to stimulate their economies in response to the COVID-19 pandemic.

Here are the steps to understand why:

  1. Identify the economic condi Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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