Word: constantdollar
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...that time the constant-dollar G.N.P. leveled off (see chart). The economy was barely expanding at all, though the current-dollar G.N.P. soared to a new high. When the downturn came in mid-1957, prices went on rising. Result: the current-dollar G.N.P. fell off only 4½%, the constantdollar G.N.P. 5½%. Since the upturn in mid-1958, Commerce said, recovery has been taking place "in a setting of overall price stability." Hence, in the main, recovery gains are real...
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