Economic policy and inflation in the United States: a survey of developments from the enactment of the Employment act of 1946 through 1974 : a study prepared for the use of the Joint Economic Committee, Congress of the United States (pursuant to S. Con. Res. 93) April 7, 1975
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Letter of transmittal _____________________________________________ _ _
A shift in emphasis 196165 ______________________ __
Concluding observations __________________________________________ _ _
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adjusted annual rate administration’s ation’s August beneﬁts billion budget capacity commodities conﬁdence Consumer Price Index continued Cost of Living cost-push Council of Economic decline deﬁcit demand pressures economic activity Economic Advisers economic controls economic policy Economic Report effects excess demand expansion Federal Reserve Board Federal Reserve System Federal spending ﬁrms ﬁrst half ﬁrst quarter ﬁscal policy ﬁscal restraint food prices freeze full employment Government guideposts impact income industries inﬂationary pressures inﬂuences interest rates January Joint Economic Committee Living Council m-qm m-qm markets member banks monetary and ﬁscal monetary policy months N-Qm outlays output period phase postwar Price Commission price increases prices rose production rate of inﬂation reduced reﬂected rise seasonally adjusted annual second half sharply shortages signiﬁcant speciﬁc stabilization program surplus tion U.S. Congress U.S. President unemployment unit labor costs w-qm wage-price wages and prices wholesale price index wholesale prices