The Employment Act of 1946:
a. guaranteed full employment
b. allowed the federal government to hire as many people as it could to achieve full employment.
c. gave the federal government the power to levy an income tax.
d. imposed a responsibility on the federal government to promote maximum employment.
e. obligated the federal government to run budget surpluses to achieve full employment.
d
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According to the text, the probability of an unemployed person finding a job doubles when
A) his unemployment benefits expire. B) the economy enters a recessionary phase. C) his unemployment benefits are extended. D) he is threatened with arrest.
The net increase in a country's stock of international reserves over a year is called a(n):
A. trade surplus. B. balance-of-payments deficit. C. trade deficit. D. balance-of-payments surplus.