Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, including aggregate demand for goods and services, employment, inflation, and economic growth. During a recession, the government may employ expansionary fiscal policy by lowering tax rates to increase aggregate demand and fuel economic growth. In the face of mounting inflation and other expansionary symptoms, a government may pursue contractionary fiscal policy. Required: Explain TWO (2) types of levers available to the government for setting fiscal policy and how these levers are used in expansionary fiscal policy and contractionary fiscal policy. (25 marks)