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Tax Policy and the Macroeconomy
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Excerpt from Tax Policy and the Macroeconomy: Stabilization, Growth, and Income Distribution; Scheduled for Hearings Before the House Committee on Ways and Means on December 17-18, 1991 Observers have expressed three concerns about the performance of the United States economy: (1) the increase in unemployment and reduction in real output experienced by the economy since July 1990; (2) the relatively low growth rates of productivity, saving, investment, and real wages since 1970; and (3) the trends in the distribution of income in the past decade. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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