What is fiscal federalism?
What will be an ideal response?
Fiscal federalism in the euro zone involves establishing a larger centralized budget managed by a central fiscal authority with the capability to tax, spend, and issue euro bonds.
You might also like to view...
Few countries have a higher GDP per capita than the weighted average of Canada, Mexico and U.S. GDP
Indicate whether the statement is true or false
An economic ________ refers to either an upturn or a downturn in the economy.
A. stagnation B. model C. fluctuation D. chain index
The four major forms of economic integration include
A) Customs union. B) Economic union. C) Common market. D) Free trade area. E) All of the above.
If a tax cut of $12 billion causes real GDP to increase by $36 billion, then the tax multiplier is
A. 2. B. 3. C. 4. D. 5.