The first official statement of goals for macroeconomic performance in the United States came with the passage of the
A) Federal Reserve Act of 1913.
B) Employment Act of 1946.
C) Great Depression Act of 1933.
D) Full Employment and Balanced Growth Act of 1978.

Question

Quizplus · Accepted Answer

The Employment Act of 1946 was the first official statement of goals for macroeconomic performance in the United States. It required the federal government to pursue policies that promote full employment, production, and purchasing power. The act established the Council of Economic Advisors and the Joint Economic Committee to advise Congress on economic policy.

The First Official Statement of Goals for Macroeconomic Performance in the United