1.1. Why is some state and local spending paid for by grants in aid from the Federal...

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1.1. Why is some state and local spending paid for by grants in aid from the Federal government instead of entirely through taxes levied by states and localities on residents? What are the advantages and disadvantages of a system of grants in aid?

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Macroeconomics

ISBN: 9780134896441

10th Edition

Authors: Andrew Abel, Ben Bernanke, Dean Croushore

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