___ Local governments were negatively affected by the Reagan administration's
intergovernmental policies. They lost local general revenue sharing, faced restrictions on borrowing, and felt the pinch of reduced federal grants-in-aid.
Indicate whether this statement is true or false.
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An economic theory holding that the supply of money is the key to a nation's economic health and that too much cash and credit in circulation produces inflation is called __________
a. fiscalism b. Keynesian c. monetarism d. Reaganomics
Congress's passage of the American Recovery and Reinvestment Act of 2009
a. gave the federal government even more say over a range of issue areas. b. was widely accepted by Republicans as a necessary response to ward off a recession. c. gave states more power to provide social services for the poor. d. received widespread bipartisan support.