Author Question: The National Industrial Recovery Act (1933) (a) did not permit businesses to set prices and ... (Read 56 times)

Mimi · **on:** Jun 30, 2018

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.