What Impact Did the National Industrial Recovery Act (NIRA) of 1933

question 124

Multiple Choice

What impact did the National Industrial Recovery Act (NIRA) of 1933 have on industrial output?

• A) Industrial output had been declining, but it stabilized during the months following passage of the NIRA.
• B) Industrial output increased sharply after the passage of the NIRA.
• C) Industrial output had begun to increase, but it fell sharply following the passage of the NIRA.
• D) Industrial output and employment declined during the months prior to passage of the NIRA, and the legislation was unable to stop the decline.

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Definitions:

Purchases

Purchases refer to the acquisition of goods or services by a company for use in its operations or for resale to customers.

Unearned Rent

Income received by a landlord for rent that has not yet been earned because the period of occupancy has not yet occurred.

Liability

A financial obligation or debt that an individual or company owes to another party.

Asset

An economic resource owned or controlled by an entity that is expected to provide future economic benefits.