Word: ackley
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...chairman in 1960. Heller was the leading advocate of the Keynesian "New Economics"-the policy of flexibly adjusting taxes, Government spending, and the money supply to influence the economy -and he sold Kennedy on the idea of cutting taxes to stimulate business and employment. His successors, Gardner Ackley and Arthur Okun, have acted as important policymakers within the Johnson Administration. President-elect Nixon says that he will give "a major role" to the council, and he hails McCracken as "a centrist, a man who is pragmatic in his economics...
...tend to revert to previous reading speeds once the pacer is not there to help them. When reading dynamically, the reader's hand is used as a pacer. Improvement by typical graduates In words per minute.** BOSTON AND PROVIDENCE Name Occupation Easy Beg. Easy End. Dif. Beg. Dif. End. Ackley, Frederick, Minister 467 1491 317 1112 Barry, Louise, Housewife 406 1392 433 1240 Bellin, Steven, Student 404 1015 406 2112 Cagle, Ralph, Graduate Student 672 1500 464 1584 Cembrola, Joe, Student 336 1120 257 900 Demers, Paula, Student 384 1015 320 960 Entwistle, Joan, Teacher 365 1160 290 1680 Fournier...
...exercise had a this-is-a-recording tone, but the White House sent in the first economics team anyway: Treasury Secretary Henry Fowler, Budget Director Charles Schultze, Federal Reserve Chairman William McChesney Martin and Chairman Gardner Ackley of the Council of Economic Advisers. For two days, the witnesses piled statistic on projection to prove essentially two points: that without the tax increase inflation will grow ever more serious, and that the added revenue is sought not to finance new spending programs but to hold the federal deficit to a manageable figure...
Record Quarter. Ackley said that during the last two months of 1967 the economy had spurted ahead all too quickly. The rise in wholesale industrial prices, which was less than 1% in the first half of last year, went up to 2.5% in the second half, while the rate of consumer-price increase rose from 2.3% to 3.8%. Figures released later showed the consumer price index up 3.1% for 1967, the second highest annual increase in ten years. Unavoidable injections of extra dollars into the economy, such as higher federal pay scales and social security benefits, are virtually certain...
...Texas White House announced that Budget Director Charles L. Schultze, 43, will return to academic life after finishing work on next year's administrative budget of an expected $145 to $150 billion. Inevitably, Washington seers concluded that his resignation, on the heels of Council of Economic Advisers Chairman Ackley's appointment as ambassador to Rome, was intended to appease House Ways and Means Committee Chairman Wilbur Mills and thus help to resuscitate the Administration's tax rise...