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Explain what Fiscal Policy is, and what tools are used in Fiscal Policy. Explain how Recessionary Gaps and Inflationary Gaps are corrected using Fiscal Policy

Explain what Fiscal Policy is, and what tools are used in Fiscal Policy. Explain how Recessionary Gaps and Inflationary Gaps are corrected using Fiscal Policy tools. Please be specific in the explanation of how to use each tool in both cases.

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