Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1966 - United States |
Other editions - View all
Common terms and phrases
ACKLEY administration Agriculture answer assets average banks basis billion budget certificates of deposit Chairman PATMAN changes Congress Consumer Price Index coordination Council of Economic December deficit demand Department Economic Advisers Economic Report effect estimate expenditures fact farm farmers Federal Reserve Board figure full employment going GOLDFINGER Government GRIFFITHS gross national product growth guideposts income industries inflation inflationary interest rates investment Joint Economic Committee labor force manpower manufacturing ment monetary policy output per man-hour payments percent period President Price Index problem productivity proposed Quadriad question reduce Representative CURTIS Representative REUSS Representative WIDNALL restraint rise SCHULTZE Secretary FOWLER Secretary WIRTZ sector Senator DOUGLAS Senator JAVITS Senator PROXMIRE shortages situation statement statistics teenagers tion Treasury trend unemployed unemployment rate unit labor costs Vietnam wage increases wage rates workers
Popular passages
Page 43 - Parliament, and that it shall not be lawful for any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Page 683 - Census in its Current Population Survey (CPS). A detailed description of this survey appears in "Concepts and Methods Used in Manpower Statistics from the Current Population Survey
Page 677 - I take to do this, is not yet very usual ; for instead of using only comparative and superlative Words, and intellectual Arguments, I have taken the Course (as a Specimen of the Political Arithmetick I have long aimed at) to express myself in Terms of Number, Weight, or Measure ; to use only Arguments of Sense, and to consider only such Causes, as have visible Foundations in Nature...
Page 576 - ... conditions under which there will be afforded useful employment opportunities, including self-employment for those able. willing, and seeking to work, and to promote maximum employment, production, and purchasing power.
Page 530 - The general guide for noninflationary wage behavior is that the rate of increase in wage rates (including fringe benefits) in each industry be equal to the trend rate of overall productivity increase.
Page 437 - The committee will come to order. Our witness this afternoon is Mr. Elisha Gray, and, Mr. Gray, you are very welcome. You are chairman of the board of Whirlpool Corp., and an extremely articulate spokesman for your viewpoint, a man with an excellent reputation among Government economists and Members of Congress. We are delighted to have you here and have your advice on the President's Economic Eeport.
Page 669 - The general guide for noninflationary price behavior calls for price reduction if the industry's rate of productivity increase exceeds the overall rate — for this would mean declining unit labor costs; it calls for an appropriate increase in price if the opposite relationship prevails; and it calls for stable prices if the two rates of productivity increase are equal.
Page 530 - Individual wage and price decisions assume national importance when they involve large numbers of workers and large amounts of output directly, or when they are regarded by large segments of the economy as setting a pattern. Because such decisions affect the progress of the whole economy, there is legitimate reason for public interest in their content and consequences.
Page 373 - Act (1) who are determined by the Secretary of Labor, in consultation with the Secretary of Health, Education, and Welfare, to be available for work, and (2) who are either (i) persons without jobs, or (ii...
Page 708 - The hazards of the employment; (4) The training and skill required; (5) The degree of responsibility; (6) The character and regularity of the employment; and (7) Inequalities of increases in wages or of treatment, the result of previous wage orders or adjustments.