The Employment Act of 1946 states that
A)the Fed should use monetary policy only to control the rate of inflation.
B)the government should promote full employment and production.
C)the government should periodically increase the minimum wage and unemployment insurance benefits.
D)the government should aim for a 0% unemployment rate.

Question

Quizplus · Accepted Answer

The Employment Act of 1946 primarily established that it is the policy and responsibility of the federal government to promote maximum employment, production, and purchasing power. It did not specifically mandate the use of monetary policy solely for controlling inflation, nor did it set a goal of 0% unemployment or stipulate periodic increases in minimum wage and unemployment benefits.

The Employment Act of 1946 States That