The Employment Act of 1946 reflects which one of the following functions of government?
A) providing a legal system
B) improving economy-wide stabilization
C) correcting externalities
D) providing public goods

Question

Quizplus · Accepted Answer

The Employment Act of 1946 is a classic example of the government's role in improving economy-wide stabilization. This act created the Council of Economic Advisers and directed the government to take responsibility for economic stability and employment levels. It essentially established full employment as a goal of government policy.

The Employment Act of 1946 Reflects Which One of the Following