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JAMB Economics 1983 Question 21

Question 21

Public Finance

The maintenance of general economic stability in the country necessarily relies heavily on

  1. A.federal fiscal policy
  2. B.coordinated federal, state and local fiscal policies
  3. C.tax and revenue policies of state governments
  4. D.federal grants to state and local governments
  5. E.federal grants to local governments.
Show the answer and explanation

Answer: B (coordinated federal, state and local fiscal policies)

Explanation

All three tiers of government tax and spend, so stability needs their fiscal policies to work together.