The Gramm-Rudman-Hollings Act

The Gramm-Rudman-Hollings Act







A) mandated maximum allowable deficit levels for each year until 1993, when the budget was to be balanced.
B) required automatic budget cuts, primarily in the area of defense.
C) froze all United States government expenditures at their 1988 levels for three years in an effort to eliminate the budget deficits.
D) allowed agencies to spend at the previous year's level.
E) called for tax increases to pay for federal spending.











Answer: A


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