1---In the Employment Act of 1946, the Federal government:
A)applied the unemployment compensation program to intrastate workers.
B)agreed to subsidize unemployed workers to the extent of 50 percent of their average incomes.
C)committed itself to accept some degree of responsibility for the general levels of employment and prices.
D)agreed to hire, through public works programs, any employees who cannot find jobs with private industry.
2----Fiscal policy is carried out primarily by:
A)the Federal government.
B)state and local governments working together.
C)state governments alone.
D)local governments alone.
3-----A tax reduction of a specific amount will be more expansionary, the:
A)smaller is the economy's MPC.
B)larger is the economy's MPC.
C)smaller is the economy's multiplier.
D)less the economy's built-in stability.
A)applied the unemployment compensation program to intrastate workers.
B)agreed to subsidize unemployed workers to the extent of 50 percent of their average incomes.
C)committed itself to accept some degree of responsibility for the general levels of employment and prices.
D)agreed to hire, through public works programs, any employees who cannot find jobs with private industry.
2----Fiscal policy is carried out primarily by:
A)the Federal government.
B)state and local governments working together.
C)state governments alone.
D)local governments alone.
3-----A tax reduction of a specific amount will be more expansionary, the:
A)smaller is the economy's MPC.
B)larger is the economy's MPC.
C)smaller is the economy's multiplier.
D)less the economy's built-in stability.