Which of the following federal activities was new under the New Deal? The federal government
(a) subsidized building construction.
(b) provided federal finances to build houses.
(c) established regulatory agencies intended to influence activities in private markets.
(d) engaged in all of the above.
(b)
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With respect to controlling the money supply, the law requires the Fed to take orders from:
a. the President. b. the Speaker of the House. c. the Secretary of the Treasury. d. no one?the Fed is an independent agency.
The "law" of diminishing returns
a. is deduced from the basic biochemical relationship of agricultural theory. b. was constructed as the basis of observation during experiments on the impact of fertilizer on output in the 1930s. c. is based on regular observations of input-output relationships over the last two centuries. d. is borrowed from physical laws related to conversion of matter and energy.