Word: ackley
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Dates: during 1970-1979
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Game Plan at Half Time. In a paper prepared for the Senate Democratic Policy Committee, Arthur Okun, Gardner Ackley and Walter Heller, all former Chairmen of the Council of Economic Advisers, predicted that the auto increase could make "dismal reading" out of October price figures. Even that paper, however, conceded that inflation "at last shows signs of ebbing." The business slowdown engineered by the Nixon Administration has clearly wrung much excess demand out of the economy...