Question
A number of states have established stabilization funds that are paid into in years when the states economy is strong and drawn from when the
A number of states have established stabilization funds that are paid into in years when the states economy is strong and drawn from when the states economy is in recession. This means that state taxes are greater than spending in good economic years and less than spending in bad years. How can these contingency funds stabilize a states economy?(3points)
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
