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The Stimulus to Civilian Production in
The Real Burden of the War
6 other sections not shown
100 per cent additional aggregate allocated American amount average become billions borrowing from banks brackets burden capital consumption capital formation civilian sector commodities compulsory lending consequence consumer unit consumption flow consumption taxes corresponding curtailment decline deficit direct controls distribution durable consumers earnings economic effectiveness efficiency estimates excess excise exemptions expenditures factor costs federal government Federal Reserve banks fund government securities higher income at factor income at market income payments income taxation income taxes income-tax increase individual income induced consumption industries inflation potential inflationary inflationary gap investment labor limits loans marginal rates marginal tax rates market prices married couples member banks ment money income national income net output nomic output flow Pearl Harbor period present price level production profits real output Reconstruction Finance Corporation reduce redundant income regressive tax rise roughly spending stock of money substantial sumers tax revenue tend tion units velocity war economy wartime yield