Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1967 |
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Page 8
... demand at a faster rate than total productive capacity is growing . A high - level economy has to track a narrower path - not , however , a tightrope , Mr. Chairman . Nor can I quite understand a tightrope off which one can fall in both ...
... demand at a faster rate than total productive capacity is growing . A high - level economy has to track a narrower path - not , however , a tightrope , Mr. Chairman . Nor can I quite understand a tightrope off which one can fall in both ...
Page 32
... demand has shifted to the capital markets . The momentum already built up will keep business demands for credit relatively high during the first half of 1967 , but a marked reduction can be anticipated in the second half . Consumers ...
... demand has shifted to the capital markets . The momentum already built up will keep business demands for credit relatively high during the first half of 1967 , but a marked reduction can be anticipated in the second half . Consumers ...
Page 34
... demand has been accumulated . The result will be an upturn in housing expenditures during the second half of 1967 , just as plant and equipment expenditures begin to show signs of easing . Consumer expenditures will rise 7 percent , in ...
... demand has been accumulated . The result will be an upturn in housing expenditures during the second half of 1967 , just as plant and equipment expenditures begin to show signs of easing . Consumer expenditures will rise 7 percent , in ...
Page 35
... Demand by the consumer and business is leveling off and will decline next year as a result of the imbalances that have developed since 1965. Government spending , however , will rise , hopefully less than earlier expected as a result of ...
... Demand by the consumer and business is leveling off and will decline next year as a result of the imbalances that have developed since 1965. Government spending , however , will rise , hopefully less than earlier expected as a result of ...
Page 37
... demand in the private sectors than is generally be- lieved and that they will be more than sufficiently potent unless altered . Full effects of these policies have been masked by continuing waves of price and wage increases and by ...
... demand in the private sectors than is generally be- lieved and that they will be more than sufficiently potent unless altered . Full effects of these policies have been masked by continuing waves of price and wage increases and by ...
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ACKLEY balance of payments benefits billion capital Chairman PROXMIRE changes COHEN Congress Consumer Price Index corporations cost Council of Economic defense deficit demand dollar Economic Advisers Economic Report effect estimates expansion expenditures fact Federal Reserve figure financing fiscal policy full employment going GOLDFINGER Government gross national product growth guideposts impact incomes policy industry inflation inflationary interest rates investment Joint Economic Committee labor MARTIN ment monetary policy money supply national income percent period present President President's pressures price increases problem profits programs proposed quarter question recession reduce Representative BROCK Representative CURTIS Representative GRIFFITHS Representative REUSS Representative RUMSFELD Representative WIDNALL restraint revenues rise SCHULTZE Secretary FOWLER Secretary WIRTZ sector Senator JAVITS Senator MILLER Senator SYMINGTON situation social security spending stability statement tax increase tion TROWBRIDGE unemployment unemployment rate Vietnam wage workers