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RESPONSIBILITY FOR CED STATEMENTS ON NATIONAL POLICY
THE CHANGING NATURE OF INFLATION
STRENGTHENING RESISTANCE TO ECONOMIC SHOCKS
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adjustment aggregate demand associated bargaining budget capacity capital Chairman and President changes CHARLES KELLER competition consumer price index Corporation costs D. C. SEARLE decline Deere & Company demand restraint Development discretionary discretionary fiscal policy domestic effects efforts excessive exchange rates expansion exports factors federal fiscal and monetary fiscal policy future guideposts H. J. HEINZ HARPER HEATH LARRY HERMAN high employment impact improve incentives income incomes policies industries inflation problem inflation rate inflationary investment JAMES Q KLUTZNICK labor major markets measures memorandum by JOHN ment monetary policy money supply Motors Corporation overall percent period President United pressures price controls price increases price stability prices and wages recent recession reduce regulation regulatory response result RIORDAN rise ROBERT SEMPLE have asked SHERMAN ADAMS shocks shortages stabilization policy structure supply tion unemployment United Vice President wage and price wage increases WEISS York