Author Question: Formula grants refer to the ________. A. grants offered by national government to support states ... (Read 77 times)

joe · **on:** Jul 9, 2018

Formula grants refer to the ________.

A. grants offered by national government to support states for specific activities, such as scientific research and homeland security
B. grants made for more generalized governmental functions such as public assistance and health services
C. grants for specific purposes that are tightly monitored to ensure that the money is spent exactly as directed
D. grants that are generally not restricted to a fixed amount of time and can be spent freely
E. grants that are distributed to the states based on procedures set out in the granting legislation

Question 2

What is one of the most important tools that monetary policy uses to affect the overall economy?

a. labor regulations
b. foreign monetary investment
c. government spending
d. interest rates