Macroeconomics

In 1938, another Agricultural Adjustment Act was passed. The error of

In 1938, another Agricultural Adjustment Act was passed. The error of the 1933 Act was now avoided. What had that error been? (a) Acreage allotments (b) Combining provisions for conservation with subsidies (c) Imposition of specific taxes on food processors (d) Excessive delegation of power   ANSWER (c)

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Date: September 10th, 2020

Capitalists like Henry Ford welcomed the Fair Labor Standards Act of 1

Capitalists like Henry Ford welcomed the Fair Labor Standards Act of 1938 . It relieved them of the responsibilities associated with contracting wages, hours and working conditions. Indicate whether the statement is true or false   ANSWER False Using the economic way of thinking and holding all else constant, choose the best answer among those […]

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Date: September 10th, 2020

The objections to the Walsh-Healy Act of 1936, which mandated “prevail

The objections to the Walsh-Healy Act of 1936, which mandated “prevailing wages” in government employment, (a) concerned the tendency of government wages to undercut those of the private sector. (b) came from the labor unions. (c) held that unemployment would be maintained artificially high. (d) held that payment of prevailing wages would reduce the national […]

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Date: September 10th, 2020