The First Formal Acknowledgement of the Primary Macroeconomic Goals of Price

question 40

Multiple Choice

The first formal acknowledgement of the primary macroeconomic goals of price stability, high employment, and promoting economic growth in the United States came with passage of the:

• A)​Federal Reserve Act of 1913.
• B)​the Sherman Antitrust Act of 1890.
• C)​the Social Security Act of 1935.
• D)​the Employment Act of 1946.

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Definitions:

Regression Line

A line drawn through the set of datapoints that represents the best fit of the data according to a particular statistical criterion, often used in linear regression analysis.

Linear Relationship

A type of association where the change in one variable is directly proportional to the change in another variable.

Significance Level

The likelihood of incorrectly dismissing the null hypothesis in a statistical analysis, commonly represented by alpha, when it in fact holds true.

Regression Line

A straight line in a scatter plot that best fits the data points and shows the relationship between two variables in linear regression analysis.