An implication of the Employment Act of 1946 is that the government should respond to changes in the private economy to stabilize aggregate demand.

Question

Quizplus · Accepted Answer

The Employment Act of 1946 implies that the federal government has a responsibility to use economic policy measures to counteract fluctuations in the economy, aiming to stabilize aggregate demand by adjusting spending, taxation, and monetary policies to maintain employment and control inflation.

An Implication of the Employment Act of 1946 Is That