If Congress failed to keep the deficit below the ceiling,then the Gramm-Rudman-Hollings Act required
A)Automatic spending cuts.
B)Automatic tax increases.
C)Automatic stabilizers.
D)A balanced budget.

Question

Quizplus · Accepted Answer

The Gramm-Rudman-Hollings Act required automatic spending cuts if Congress failed to keep the deficit below the ceiling. It did not require automatic tax increases or a balanced budget, nor did it involve automatic stabilizers.

If Congress Failed to Keep the Deficit Below the Ceiling,then