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Here is my prompt for my state government final, and I'm not sure how to answer it: State fiscal policy leads to broad differences in state revenue...

Here is my prompt for my state government final, and I'm not sure how to answer it:




State fiscal policy leads to broad differences in state revenue and spending. How is state fiscal policy affected by numerous state institutions (or rules of the game), with different states adopting different approaches. Identify and briefly discuss five such institutions that have either direct or interactive effect on how states make fiscal policy decisions.

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