By 1938, the New Deal
a. had lost most of its momentum.
b. turned more toward direct relief than social reform.
c. had plainly failed to achieve its objectives.
d. had won over the majority of business people to its policies.
e. was prepared to embark on ambitious new initiatives.
Question 2
One consequence of the record-high deficits and high interest rates of the 1980s was
a. lower energy costs.
b. growing productivity in manufacturing.
c. a soaring value for the dollar.
d. a general demand to raise taxes.
e. new capital investment.
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