CLEP American Government Exam Prep

Answer: B - The Employment Act of 1946 was a turning point in US economic policy because it committed the national government to a policy of maintaining a healthy economy and promoting jobs. Before the Employment Act, there was a lot of disagreement about whether it was even the government’s job to try to ensure a healthy economy, let alone promoting job creation. The Act created the Council of Economic Advisors, whose original mandate was to look at macro-economic (big picture) issues. The CEA is required to supply Congress with an economic forecast within ten days of the President submitting the annual proposed budget.