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Recent Trends and Their Significance
of 1951Continued Page
The Shaping of the Defense Economy
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add to totals adjusted annual rates appendix table average based on incomplete billion dollars Billions of dollars budget capacity chart civilian commodities construction consumer controls corporate cost Council of Economic countries decline defense production Defense Production Act defense program demand Department of Commerce duction durable Economic Advisers employment Estimates based excess profits taxes expansion exports facilities farm Federal Reserve System financing fiscal Fourth quarter free world Government gross national product important incomplete data inflation inflationary pressures inventories June Korea Korean outbreak labor force loans major manufacturing materials ment military mobilization money supply months national income necessarily add needed outlays payments percent period Personal consumption expenditures personal income price increases profits purchases quarter by Council quarter of 1951 requirements rise saving seasonally adjusted annual Source spending steel substantial supply surplus Third quarter tion total output United wage stabilization Wage Stabilization Board