The Gramm-Rudman-Hollings Act of 1985 created a
A) Deficit ceiling.
B) Debt ceiling.
C) Mandated balanced budget by 2005.
D) Prohibition against external financing of the debt.
Correct Answer:
Verified
Q65: Which of the following statements about the
Q66: When the U.S.Treasury issues new bonds to
Q67: The largest single holder of the U.S.national
Q68: If debt-financed less productive government spending crowds
Q69: At the time it occurs,external financing of
Q71: Interest payments on the national debt
A)Make it
Q72: The burden of the debt is passed
Q73: If deficit spending does not contribute to
Q74: Internal ownership of the national debt occurs
Q75: Foreign households and institutions hold approximately _
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