The Employment Act of 1946 established a Joint Economic Committee, made up of members of the House and Senate, to study the president's report and the economy.
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Question -2-The Employment Act of 1946 spelled out the responsibility of the federal government for the economy and its obligation to promote maximum employment, production, and purchasing power.
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Question -3-The Employment Act of 1946 did not spell out the responsibility of the federal government for the economy and its obligation to promote maximum employment, production, and purchasing power.
Indicate whether the statement is true or false
Question -4-The New Deal marked the first time that the federal government committed itself not simply to solving problems in the economy, but also to assuming a key role in the nation's economic system.
Indicate whether the statement is true or false
Question -5-When Franklin Roosevelt was inaugurated in 1933, 25 percent of the labor force was unemployed.
Indicate whether the statement is true or false
Question -6-The federal government took a major role in economic affairs upon Herbert Hoover becoming president.
Indicate whether the statement is true or false
Question -7-There is a unanimous agreement among politicians, political parties, and economists on how to promote a strong, healthy economy.
Indicate whether the statement is true or false
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