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What is the fungibility hypothesis of intergovernmental grants? Group of answer choices Recipients of a non-matching grant will spend the money on the good specified

What is the fungibility hypothesis of intergovernmental grants?

Group of answer choices

Recipients of a non-matching grant will spend the money on the good specified by the grant

Recipients of a non-matching grant will spend the money on the good specified by the grant and other goods

Recipients of an intergovernmental grant are fungible

Lump-sum grants will cause inefficiencies in fiscal federalism because of the flypaper effect

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