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. G.P.O., 1981 - Business & Economics - 42 pages
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$30 billion 9 percent aggregate demand ALBERT LEE bad harvest BATOR BERYL ANTHONY BILL NELSON budget capital formation dis-saving disposable income economy effect ﬁnance ﬁnd ﬁrst ﬁscal and monetary going Government spending happened idle capacity incomes policy increase in wage indexing inﬂa inﬂationary JACK KEMP JIM MATTOX JIM WRIGHT labor demanded labor market labor supplied labour costs loose ﬁscal policy 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 productiv proﬁt quantity of labor question raise taxes rate of growth rate of increase rate of inﬂation Reagan reduce reﬂect restraint slack speed 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