Fema Employment
economicw help?
11.On an aggregate demand and aggregate supply graph, the Great Depression can be pictured as a.a leftward shift of the aggregate supply curve b.a rightward shift of the aggregate supply curve c.a leftward shift of the aggregate demand curve d.an increase in the price level caused by a movement along the aggregate demand curve e.a decrease in the price level caused by a movement along the aggregate supply curve 14.According to Keynes, "animal spirits" a.make investment spending unstable b.make consumption spending unstable c.make government spending inherently stable d.guide the economy back to equilibrium after a disruption e.create the federal government budget deficits that have become so common today 16.The Employment Act of 1946 a.guaranteed full employment b.obliged 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 foster full employment e.obligated the federal government to run budget surpluses to achieve full employment Inflation is a.a rise in the value of money b.a decline in nominal income c.a sustained increase in the price level d.a general reduction in prices e.an economic problem only for the retired population
Public Comments
- 11. A) i think that the depression means that CONSUMERS have less money and therefore can not afford to buy as much shifting their demand left. last qn c) inflation is a rise in the price level. cant help you with others i am australian so dont know american laws.
- correct answers are given below: 11. On an aggregate demand and aggregate supply graph, the Great Depression can be pictured as c. a leftward shift of the aggregate demand curve 14. According to Keynes, "animal spirits" a. make investment spending unstable 16. The Employment Act of 1946 d. imposed a responsibility on the federal government to foster full employment ??. Inflation is c. a sustained increase in the price level Source(s) see http://en.wikipedia.org/wiki/employment_... The Employment Act (H.R. 2202, S. 380, 15 USC ยง 1021 et seq.) is a United States federal law. Its main purpose was to lay the responsibility of economic stability onto the federal government...The same fears that motivated the creation of the act in 1946 precipitated an amendment in 1978, entitled the Full Employment and Balanced Growth Act. This act was identical in spirit to the original Full Employment Bill of 1945, providing a guarantee of full employment and economic means to do so. ...Although Congress removed all of the quantitative markers from the final incarnation of the law, the act keeps the original spirit intact and encourages the federal government to "promote maximum employment, production, and purchasing power." This clause set the foundations for future cooperation and communication between the federal government and private enterprise.
