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Howard H Hines associate professor of economics Iowa State University PIIO
William H Martin Pennsylvania State University _ _ _ _ _ _ _ _ _ _ I _ D _ _ _ __
Robert A Bicks Acting Assistant Attorney General Antitrust Division
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aggregate demand analysis antitrust laws average behavior beneﬁt BICKS CHAIRMAN changes Clayton Act committee competition concentration consumer decline deﬁcient deﬁned demand curve diﬂicult economic growth effect entry excess demand expenditures factors factors of production Federal ﬁeld ﬁgure ﬁnance ﬁnd ﬁrst ﬁxed ﬂexible full employment going Government GRETHER gross national product HAMBERG horizontally integrated important income industry inﬂation inﬂationary inﬂuence innovation investment labor force large ﬁrms LERNER manufacturing marginal cost market power MARKHAM ment mergers monetary and ﬁscal monopoly monopoly power output percent perfectly competitive period price increases price index price level price rise price stability prices and wages problem productivity gains proﬁt question raise rate of growth ratio reﬂect relatively Representative CURTIS research and development result saving sectors sellers Senator BUSH Sherman Act signiﬁcant situation small ﬁrms speciﬁc steel supply tend thing tion union United wage increases wage rates workers