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DEVELOPMENTS DURING 1952
NEARTERM PROSPECTS AND POLICIES
LONGERRUN NEEDS AND PROSPECTS
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add to totals adjusted annual rates agricultural appendix table average banks based on incomplete billion dollars Billions of dollars calendar cash CHART civilian consumer corporate Council of Economic countries decline defense Defense Production Act deficit demand Department of Commerce durable Economic Advisers Employment Act Estimates based excess profits tax expansion farm Federal Reserve System financing foreign free world full employment gross national product growth half Second half housing imports improved Includes income and product incomplete data increase INDEX International Monetary Fund inventories June labor force loans manufacturing markets ment money supply national security necessarily add needs NOTE.—Detail November October Old-Age and Survivors output payments percent period personal income problem profits programs quarter by Council quarter of 1952 raw materials receipts rise Seasonally adjusted annual Source stability sterling area surplus tion trade United States exports wage Wage Stabilization Board