The Economy in '73

Ulmer, Melville J.
December 1972
New Republic;12/23/72, Vol. 167 Issue 24/25, p15
Forecasts the economic conditions and business activities in the United States. Assessment of U.S. President Richard Nixon's economic policy in reviving the economy; Details of the strategy adopted by the Nixon administration to bring a turnabout in business activity in the U.S.; Argument pertaining to the business plan of various corporations to raise investment; Fear that expanding business activities may intensify inflation as experienced in the past; Information about the rise of consumer price index in successive quarters from 2.6 percent at an annual rate, to 3.5 percent, to 3.8 percent, and to 4.1 percent in the past three months; Analysis of the effect of rising prices on the wage of laborers.


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