3 of 8 0.5 Points Government spending for a popular housing program was $1 billion last year. When congress prepares its budget for next year, spending for the program is slated to rise to $1.01 billion. Assume that the Consumer Price Index is expected to rise by 3% over the next year. Those who support the program complain that the program is being cut. Those who oppose the program complain that the program is being increased. Explain each position. A. The one who opposes computed the absolute difference and found that it is an increase of 0.01 billion. The one who supports it compute the relative difference and find out that it is 1% which is lower than the Consumer Price Index increase. It is therefore actually being cut. B. The one who opposes computed the relative difference and found that it is and increase of 0.01 billion. The one who supports it compute the absolute difference and find out that it is 1% which is lower than the Consumer Price Index increase. It is therefore actually being increased. C. The one who opposes computed the relative difference and found that it is an increase of 0.01 billion. The