... 66 PRINCIPLES OF ECONOMICS Depository institutions (commercial banks, savings and loan associ-ations, and credit unions) borrow savers’ money balances and lend themto individuals, businesses, ... its net tax revenues and/ or spending. Fiscal policy, however,is not as easily implemented or as successful as first suggested. Supposea recessionary gap exists. Will Congress and the administration ... administration agree on 60 PRINCIPLES OF ECONOMICS Figure 6-268 PRINCIPLES OF ECONOMICS Federal Reserve SystemThe Federal Reserve System manages the U .S. money supply in order tominimize inflationary...