Which of the following procedures was called for by the Gramm-Rudman Balanced Budget Act of 1985?
A) Spending could not exceed 2.5 percent of the previous year's actual spending.
B) The budget would automatically be cut until the deficit was eliminated.
C) Spending could not exceed 2.5 percent of the previous year's budgeted spending.
D) All budget items would be indexed to the rate of inflation.
E) All budget items would be decreased by 10 percent until they returned to pre-1970 levels.
Correct Answer:
Verified
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