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June 16, 2024

Short macroeconomic goal write up.

Read about the Employment Act of 1946 at https://www.federalreservehistory.org/essays/employment-act-of-1946. According to this Act, what did Congress support as the primary macroeconomic goal for the U.S. at that time?
Read about the Full Employment and Balanced Growth Act that was passed in 1978 at https://www.federalreservehistory.org/essays/humphrey-hawkins-act. What changes to national policy regarding macroeconomic goals were made at this time? Why?
Suppose you are assigned the task of updating national policy regarding macroeconomic goals for the world you live in today. What do you think are two of the most important problems in the U.S. today and what targets might you recommend? Why? Be sure to provide evidence and justification to support your answer.

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