Fiscal federalism refers to
A) the coordinated fiscal policy decisions of the federal government and the states.
B) the expenditure of federal funds on programs run in part through state and local governments.
C) the national banking system first established by Alexander Hamilton in the 1790s.
D) the fact that both the federal government and the states have the power to tax.
E) the ability of the states to manipulate federal decision making.
Correct Answer:
Verified
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