The National Industrial Recovery Act, passed in 1933,
A) broke up monopolies and cartels, and introduce competition into several different industries.
B) fixed prices, wages, and quotas for several industries in an effort to keep prices high.
C) lowered corporate taxes and removed collusive behavior in an effort to keep U.S. firms competitive with foreign manufacturers.
D) created a stable economic environment that encouraged investment and expansion in the industrial sector of the economy.
Correct Answer:
Verified
Q33: The Agriculture Adjustment Act of the Roosevelt
Q34: The National Industrial Recovery Act essentially legalized
A)
Q35: What prompted the large increase in tax
Q36: If fiscal policy were able to exert
Q37: Which of the following contributed to the
Q39: When overall production is taken into account,
Q40: What impact did the National Industrial Recovery
Q41: During a recession, the political incentive structure
Q42: Which of the following was true with
Q43: Which of the following is an important
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents