Based on the Experience of the Great Depression and the New

question 29

Multiple Choice

Based on the experience of the Great Depression and the New Deal, which one of the following strategies would be most likely to stimulate recovery from a serious economic recession?

• A) Increase trade restrictions and tariffs to save jobs and enhance tax revenue.
• B) A reduction in the money supply in order to strengthen the dollar and combat inflation.
• C) Keep taxes low in order to stimulate production and minimize the decline in personal and business income.
• D) Institute frequent policy changes in order to search for and find the policy combination that would be most effective.

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Definitions:

Multiple Industries

Refers to the diverse sectors of the economy, including manufacturing, services, agriculture, and technology, among others.

Unions

Organizations formed by employees to negotiate collectively with employers over wages, benefits, working conditions, and the rights of workers.

Worker Control

The concept or practice where workers have decision-making power in the management and operations of the workplace.

Collective Bargaining

The practice of negotiating labor contracts that cover a range of workplace conditions and compensations between unions and employers on behalf of the employees.