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 21
... mean that the administration recognizes the very extreme importance of tying the two together ? Mr. ACKLEY . I think we do fully recognize the great importance of coordinating monetary and fiscal policy . I think it would not be fully ...
... mean that the administration recognizes the very extreme importance of tying the two together ? Mr. ACKLEY . I think we do fully recognize the great importance of coordinating monetary and fiscal policy . I think it would not be fully ...
Page 31
... mean an average rise of about $ 12 billion per quarter in gross national product in 1967 . The model indicates that the size of 1967 wouldn't be changed much by shifting the mix of fiscal and monetary policy . Consumer spending is ...
... mean an average rise of about $ 12 billion per quarter in gross national product in 1967 . The model indicates that the size of 1967 wouldn't be changed much by shifting the mix of fiscal and monetary policy . Consumer spending is ...
Page 38
... mean recession in 1967 . Although continued monetary restraint would , in my opinion , mean recession , I must assume that for both political and economic reasons the current policy will shortly be reversed even though there are ...
... mean recession in 1967 . Although continued monetary restraint would , in my opinion , mean recession , I must assume that for both political and economic reasons the current policy will shortly be reversed even though there are ...
Page 42
... mean to imply that no further improvement is possible or desirable . Likewise , some farmers have moved ahead more rapidly than the average , others have fallen behind . All this we recognize fully . But this should not detract from the ...
... mean to imply that no further improvement is possible or desirable . Likewise , some farmers have moved ahead more rapidly than the average , others have fallen behind . All this we recognize fully . But this should not detract from the ...
Page 88
... mean a reduction of almost $ 100 million , somewhere in that neighborhood . That is another case in point . By substantive legislation last year , the President was given $ 1 bil- lion in special assistance for housing mortgages . This ...
... mean a reduction of almost $ 100 million , somewhere in that neighborhood . That is another case in point . By substantive legislation last year , the President was given $ 1 bil- lion in special assistance for housing mortgages . This ...
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Common terms and phrases
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