Identify each of the following events as:a) part of an expansionary fiscal polic

Identify each of the following events as:a) part of an expansionary fiscal policyb) part of a contractionary fiscal policyc) or not part of fiscal policyi. The corporate income tax rate is increased.ii. Defense spending is increased.iii. Families are allowed to deduct all daycare expenses from theirfederal income taxes.iv. The individual income tax rate is decreased.v. The State ofNew York builds a new highway.