Expansionary vs. Contractionary Fiscal Policy and the Multiplier Effect _________ fiscal policy is needed to close _________ gap, but due to the _________, the initial _________ in government spending should _________the recessionary gap. Group of answer choices Contractionary; a recessionary; multiplier effect; decrease; greater than Contractionary; an inflationary; fact that the economy is above potential GDP; increase; to be smaller than Expansionary; a recessionary; multiplier effect; increase; only be a fraction of Expansionary; a recessionary; fact that the economy is below potential GDP; decrease; greater than