Ever since passage of the Employment Act of 1946, the president has been formally responsible for

Question

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The Employment Act of 1946 placed the responsibility for managing the economy with the president. The act states that it is the government's responsibility to promote maximum employment, production, and purchasing power in the economy. This responsibility includes the use of federal policies to stabilize prices and prevent inflation or depressions.

Ever Since Passage of the Employment Act of 1946, the President