Asked by
Siona Vartanian
on Nov 16, 2024
Verified
An implication of the Employment Act of 1946 is that the government should respond to changes in the private economy to stabilize aggregate demand.
Employment Act of 1946
A United States federal law aiming to promote maximum employment, production, and purchasing power through economic stability policies.
Aggregate Demand
The total demand for final goods and services in an economy at a given time.
- Familiarize yourself with the processes fiscal and monetary policies utilize to maintain stability in the economy.
Verified Answer
SP
Learning Objectives
- Familiarize yourself with the processes fiscal and monetary policies utilize to maintain stability in the economy.
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