The Purpose of the Employment Act of 1946 Was to

question 138

Multiple Choice

The purpose of the Employment Act of 1946 was to

• A) establish goals for the federal government that would promote maximum employment, purchasing power, and production.
• B) establish an unemployment compensation system.
• C) set up the Federal Reserve System.
• D) set targets for the unemployment rate to be achieved by the president.

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Definitions:

Share

A unit of ownership interest in a corporation or financial asset that gives the holder a claim on part of the corporation's assets and earnings.

Sharpe Measure

A ratio used to evaluate the risk-adjusted return of an investment, calculated by subtracting the risk-free rate from the return of the investment and dividing by the standard deviation of the investment's returns.

Risk-Free Return

The theoretical return on an investment with zero risk, typically associated with government bonds.

Jensen's Measure

A performance evaluation tool that measures the excess return of a portfolio above the expected return, accounting for risk.