The Congressional Act Passed in 1978 That Established Specific Numerical

question 16

Multiple Choice

The congressional act passed in 1978 that established specific numerical goals for the unemployment rate and the inflation rate to be achieved by 1983 was the

• A) Federal Reserve Act.
• B) Gramm-Rudman Act.
• C) Employment Act.
• D) Humphrey-Hawkins Act.

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Definitions:

Incentive Pay

A form of compensation designed to reward employees for achieving performance targets or for their contributions to organizational success.

U.S. Labor

U.S. Labor refers to the workforce of the United States, including its structure, laws, regulations, and cultural dynamics that govern labor relations and employment practices.

Skills Availability

The extent to which necessary skills and competencies are accessible within a labor market to meet the demands of employers.

Migrants

Individuals who move from one region or country to another, often for reasons such as employment, better living conditions, or to escape conflict.