It is based on four principles.įirst, reducing inflation must be our top economic priority. My economic and budgetary program deals forthrightly with the economic realities we face today. Has been made more complex by the acceleration of inflation last yearĪnd the declining growth of productivity that was partly responsible for That task calls for restraint and careful choices. Under the best circumstances, designing economic policies to carry out The task now confronting us is to manage an economy operating atĬlose to its capacity-to sustain prosperity and extend its benefits more Family incomes, after adjustment for inflation, have risen handsomely and so have business profits. Today 7 million more Americans are at work, and factories across theĬountry have regained high levels of output. Unemployment was widespread, and a substantial part of our industrial capacity stood idle. Recover from the deep recession of 1974-75. Two years ago when I took office our economy was still struggling to ![]() *For a detailed table of contents of the Council's Report, see page 27. STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION ![]() REPORT TO THE PRESIDENT ON THE ACTIVITIES OF THEĪPPENDIX B. T H E WORLD ECONOMY-MANAGING INTERDEPENDENCE. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.įor sale by the Superintendent of Documents, U.S.
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