The Employment Act of 1946 committed the federal government to intervening in the economy to prevent large declines in output and employment.

Question

Quizplus · Accepted Answer

The Employment Act of 1946 established the responsibility of the federal government to intervene in the economy to promote maximum employment, production, and purchasing power. This commitment was made in order to prevent large declines in output and employment.

The Employment Act of 1946 Committed the Federal Government to Intervening