The Employment Act of 1946 states that
A)the Fed should use monetary policy only to control the rate of inflation.
B)the government should promote full employment and production.
C)the government should periodically increase the minimum wage and unemployment insurance benefits.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The Employment Act of 1946 clearly states that the government should promote full employment and production, which means that the government should make sure that there are enough jobs available for everyone who wants to work and that the economy is functioning at its maximum potential. The Act does not mention anything about the Fed's use of monetary policy or periodic increases in minimum wage and unemployment insurance benefits.

The Employment Act of 1946 States That