What type of fiscal policies does fiscal federalism present?
Fiscal federalism refers to the division of fiscal powers and responsibilities between the centre and state government of a country. It divides the functions among central government and state governments in such a way that the benefits of centralization and decentralization can be achieved. It includes implementation of fiscal policies of taxation, subsidy, and spending.
Answer and Explanation: 1
The fiscal policies included in fiscal federalism are aimed at bringing effectiveness and efficiency in the government?s ability of solving problems...
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fromChapter 3 / Lesson 5
The New Deal brought about a new form of fiscal federalism, resulting in a change in the roles of federal funds in state policy. Learn about early federalism, the move toward fiscal federalism, and the different forms that fiscal federalism comes in, including grants and mandates.