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
It was the Humphrey-Hawkins Act. It is an enactment instituted in the United States in 1978 to address developing expansion and rising joblessness. The Humphrey-Hawkins Act required the formation of new government occupations to facilitate the joblessness rate, the improvement of new fiscal strategies to control expansion, and further activities to expand liquidity and private division work also. Likewise called Full Employment and Balanced Growth Act Of 1978.
