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THE DHLlll QUARTERLY ECONOMETRlC MODEL
ECONOMlC lSSUES FOR 1970
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aggregate demand American Avenue Detroit Avenue New York behavior BFlK billion dollars billions of 1958 billions of current budget Business Fixed lnvestment CAUTOK changes CNDSK CODK compensation per manhour consumer sentiment consumer spending Corporate Profits current dollars demand Department of Economics DHL-lll distributed lag durables dynamic econometric forecasting models econometric model Economics University economists endogenous equation estimated expectations Federal Reserve Board fixed investment German GNPK Gross National Product growth housing starts Hymans impact inflation inflationary interest rates inventory Keynesian labor force lndex lNVK ment Michigan Ann Arbor monetarists monetary policy nomic nondurables and services output percent period Personal Consumption Expenditures plant and equipment price increases private nonfarm sector quarterly model RAAA real GNP recession Research rise RSQE simulation slowdown Street Ann Arbor Survey tax surcharge tion unemployment rate unit labor costs University of Michigan variable Wellington Street Ottawa Woodward Avenue