Controlling Inflation: Hearing Before the Task Force on Tax Policy of the Committee on the Budget, House of Representatives, Ninety-seventh Congress, First Session, April 1, 1981
U.S. Government Printing Office, 1981 - Fiscal policy - 42 pages
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The ConsumptionIncome Relation 195379
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$30 billion 9 percent after-tax aggregate demand bad harvest Bator BERYL ANTHONY BILL NELSON budget capital formation compress controls dis-saving disposable income economy effect fiscal and monetary fiscal policy going Government spending happened idle capacity incomes policy increase in wage indexing JACK KEMP JIM MATTOX JIM WRIGHT kind labor demanded labor market labor supplied labour costs macroeconomic Martin ment monetary policy Nelson oil and food oil price increase Opec output percent per annum personal consumption personal saving points faster political President price level price of oil private spending public plus private quantity of labor question raise taxes rate of growth rate of increase rate of inflation Reagan reduce restraint slack speed stagflation supply shocks supply-side tax cut tax rates theory things tight tion total spending trench warfare unem unemployment and idle unemployment rate wage increase wage inflation wage rates wage-price wages and prices