Which of the following was the first act that mandated the federal government to pursue policies to achieve full employment, stable prices, and adequate growth?
A)the Employment Act of 1946
B)the Federal Reserve Act of 1913
C)the Humphrey-Hawkins Act of 1978
D)the McFadden Act of 1927

Question

Quizplus · Accepted Answer

The Employment Act of 1946 was the first act that mandated the federal government to pursue policies to achieve full employment, stable prices, and adequate growth. The act created the Council of Economic Advisers to provide the President with expert economic advice and directed the federal government to create policies that promote maximum employment, production, and purchasing power.

Which of the Following Was the First Act That Mandated