The 1978 Full Employment and Balanced Growth Act called for a target unemployment rate of
A) 0 percent
B) 5 percent
C) 1 percent
D) 2 percent
E) 4 percent

Question

Quizplus · Accepted Answer

The 1978 Full Employment and Balanced Growth Act, also known as the Humphrey-Hawkins Act, called for a target unemployment rate of 4 percent. This was later amended to a range of 4-6 percent, with the goal of achieving and maintaining full employment and long-term economic growth.

The 1978 Full Employment and Balanced Growth Act Called for a Target