Fill inthe blanks. a. Fiscal Policy involves changing . In the United States, Fiscal Policy is implemented by the .
b. can be used to address a Recessionary Gap by taxes and government purchases. Meanwhile, can be used to address an Inflationary Gap by taxes and government purchases.

a) taxes and government spending, President and Congress

b) Expansionary Fiscal Policy, lowering, raising, Contractionary Fiscal Policy, raising, lowering.

Explanation:

a. Fiscal Policy involves changing taxes and government spending. In the United States, Fiscal Policy is implemented by the President and Congress.

b. Expansionary Fiscal Policy can be used to address a Recessionary Gap by lowering taxes and raising government purchases. Meanwhile, Contractionary Fiscal Policy can be used to address an Inflationary Gap by raising taxes and lowering government purchases.

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