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Suppose federal government spending for a popular housing program was $1 billion this year and Congress has proposed increasing spending for the program to $1.05
Suppose federal government spending for a popular housing program was $1 billion this year and Congress has proposed increasing spending for the program to $1.05 billion for next year. Assume that the Consumer Price Index is expected to rise by 7% 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. Choose the correct answer below. A. While the housing program gets an increase in actual dollars, when adjusted for inflation, the program gets the same amount of funding. O B. While the housing program gets no change in actual dollars, when adjusted for inflation, the program gets a cut. C. While the housing program gets an increase in actual dollars, when adjusted for inflation, the program gets a cut. OD. While the housing program gets a decrease in actual dollars, when adjusted for inflation, the program gets more funding
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