A Prescription for Monetary Policy 1981
8 Pages Posted: 24 Aug 2012
Date Written: 1981
It is no secret that the performance of the U. S. economy was far from satisfactory in the ’70s. For example, real GNP rose at a 3.1 percent average annual rate from 1969 to 1979 compared with a 4.2 percent average annual rate of growth in the ’60s.
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