Which of the Following Statements About the New Deal Is

question 16

Multiple Choice

Which of the following statements about the New Deal is accurate?

• A) The New Deal resulted in growth of the state bureaucracy despite opposition from the Supreme Court.
• B) The New Deal concept was largely generated and pushed through by Republican reformers.
• C) The New Deal increased subsidies to some workers but reduced the rights of workers overall.
• D) One long-term impact of the New Deal was to devolve power to the states.

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Definitions:

Market Interest Rate

The prevailing rate at which borrowers can obtain loans and lenders can offer funds in the financial market.

Opportunity Cost

The cost of foregone alternatives, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Investment Project

A project involving the allocation of resources, such as time and money, with the expectation of generating future profits or benefits.

Investment Demand Curve

A graphical representation that shows the relationship between the rate of return on an investment and the total amount of investment undertaken.