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Ackley Gardner Chairman and Professor Department of Economics
PriceLevel Stability and Employment Act Objectives Joseph
Bach George L Dean Graduate School of Industrial Administration
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adjustments aggregate aggregate demand average behavior billion business cycle buyers capital chart commodities competitive Consumer Price Index consumption contraction cost-of-living index decline demand dollar durable economic growth economists effect Employment Act Engel curve excess expansion expenditures flow factor prices farm Federal firms fiscal policy flow of expenditures fluctuations full employment Government gross national product important income index number industries inflation inflationary interest rates inventory investment labor cost man-hours per unit manufacturing margin markup measures ment monetary policy money supply monopoly nomic nondurable objectives oligopolistic output percent period postwar pressure price changes price increases price level price movements price policy price reductions price rises price stability price-level stability problem profits public policy purchasing power rate of return recession reduced relative result retail rising prices sector sellers substantial sumer tend tion wage increases wage rates Wholesale Price Index wholesale prices