The Employment Act of 1946 set which of the following goals for the economy?
A)A zero unemployment rate.
B)A zero inflation rate.
C)Lowering cyclical and structural unemployment within reasonable but nonspecific bounds.
D)Achieving a 4 percent target in seasonal and frictional unemployment.

Question

Quizplus · Accepted Answer

The Employment Act of 1946 aimed to lower unemployment rates, both cyclical and structural, within reasonable but nonspecific bounds. The act did not set a goal of zero unemployment or zero inflation, nor did it specify a target percentage for seasonal and frictional unemployment.

The Employment Act of 1946 Set Which of the Following