esian Fiscal and Monetary Policy Who is in charge of fiscal policy? What are the policy tools of fiscal policy? (tell me what the people in charge will change to affect the economy) 3. How do you use fiscal policy to fight a recession? (tell me what the people in charge do with each policy tool, do they raise or lower the tool to fight a recession) Are they trying to create more or less spending in the economy? What is this policy called? 4. How do you use fiscal policy to fight inflation? (tell me what the people in charge do with each policy tool, do they raise or lower the tool to fight inflation) Are they trying to create more or less spending in the economy? What is this policy called? 5. What effect will expansionary fiscal policy have on the government's budget? We have