A. fiscal policy involves changing _________ (money supply/exports/taxes and government spending/ the number of months in a fiscal year) in the us, fiscal policy is implemented by the ________ (president and congress/federal reserve/states/secretary of the treasury)

b. ______ (expansionary fiscal policy/contractionary fiscal policy) can be used to address a recessionary gap by _______ (raising/lowering) taxes and _______ (raising/lowering) government purchases. meanwhile, _______ (expansionary fiscal policy/contractionary fiscal policy) can be used to address an inflationary gap by (lowering/raising) taxes and (raising/lowering) government purchases.