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accelerated accounts adjustments Administration Administrationís average banks billion for fiscal billion in fiscal borrowing budget deficits Budget Resolution business cycle capital changes Conference Board Congress Congressional Budget Congressional Budget Office continued corporate costs countries debt decline defense spending dollar domestic economic assumptions economic growth economic recovery estimates expected exports Fed policy Fed's Fedís federal budget deficits federal funds rate Federal Reserve financial markets forecast foreign fourth quarter House income tax indexing industrial inﬂation inﬂationary investment loans major monetarist monetary growth monetary policy money supply nonborrowed reserves President Reagan procedures productivity programs projections raise real GNP real growth Receipts recession reduce reﬂect revenue revisions rise sector Senate Senate Budget Committee short-term slowdown social security spending cuts supply-side target range tax cuts tax increases tax reductions tion trade U.S. economic United yearís