Publisher's Synopsis
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.
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