Asked by XxCloud StrifexX on Jun 05, 2024
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The Employment Act of 1946:
A) guaranteed full employment.
B) allowed the federal government to hire as many people as it could to achieve full employment.
C) gave the federal government the power to levy an income tax.
D) imposed a responsibility on the federal government to promote maximum employment.
E) obligated the federal government to run budget surpluses to achieve full employment.
Employment Act of 1946
A landmark US legislation aimed at promoting maximum employment, production, and purchasing power, marking a commitment by the federal government to ensure economic stability.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible.
- Investigate the effect of state policies, encompassing both fiscal and monetary strategies, on the collective supply and demand in the economic system.
- Acquire knowledge about the history and progression of macroeconomic policies, particularly through significant periods of economic downturns like the Great Depression.
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Learning Objectives
- Investigate the effect of state policies, encompassing both fiscal and monetary strategies, on the collective supply and demand in the economic system.
- Acquire knowledge about the history and progression of macroeconomic policies, particularly through significant periods of economic downturns like the Great Depression.
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