The National Industrial Recovery Act (1933)
(a) did not permit businesses to set prices and production quotas.
(b) established three advisory boards composed of government, Webb-Pomerene firms
and members of the Federal Reserve System.
(c) was thrown out by the Supreme Court in May 1935.
(d) prohibited collective bargaining.
Question 2
In an open economy, there should be a close positive relationship between
a. budget deficits and interest rates.
b. trade deficits and budget deficits.
c. savings and investment.
d. investment and consumption.
e. none of the above.