The enacted Gramm-Rudman-Hollings Act would tend to have an
A) automatic stabilizing impact upon the economy.
B) automatic destabilizing impact upon the economy.
C) overall neutral impact upon the economy.
D) overall positive impact upon the economy during any stage of a business cycle.

Question

Quizplus · Accepted Answer

The Gramm-Rudman-Hollings Act required automatic spending cuts if budget targets were not met, leading to destabilizing impacts on the economy by potentially cutting government spending during times of economic downturns.

The Enacted Gramm-Rudman-Hollings Act Would Tend to Have an