The First Official Statement of Goals for Macroeconomic Performance in the United

question 60

Multiple Choice

The first official statement of goals for macroeconomic performance in the United States came with the passage of the

• A) Federal Reserve Act of 1913.
• B) Employment Act of 1946.
• C) Great Depression Act of 1933.
• D) Full Employment and Balanced Growth Act of 1978.

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Definitions:

Plain Meaning Interpretation

A method of legal interpretation where courts determine meaning based on the ordinary, literal, or straightforward sense of the language.

Administrative Regulations

Rules and directives issued by government agencies that have the force of law and guide the implementation of statutes.

O'Connor v. Oakhurst Dairy

A legal case concerning the interpretation of a law's punctuation, namely the lack of an Oxford comma, affecting the entitlement of overtime pay to drivers.

Unpaid Overtime Wages

Money owed to employees for working beyond their standard hours at an increased pay rate, not compensated by the employer.