Word: lag
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Dates: during 1940-1949
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Cause. What caused the unexpected lag in production at the very time when increases are required? Some individual drops are traceable to the redesigning of equipment, to changeovers because of new battlefield needs. Some have been caused by strikes and floods. But the lag has apparently been far too general to be traceable to any of these isolated causes...
...Superstructure. Moulton ridicules the theory that public spending can so increase the national income that taxes will increase to the point where the budget can be balanced. How come, asks Moulton, that this is just what does not happen in war, where national income rises sharply but taxes lag far behind? The war, thinks Moulton, proves not the benefits of public spending (as Hansen argues) but all its inflationary difficulties and collectivist consequences...
Kirkland is in third place with $87.50, while the remaining Houses lag far behind. Eliot House with sales of $33.75 ranks fourth, closely followed by Leverett with $31.70. Dunster House is in sixth with $27, while Lowell House, a newcomer to the cellar slot, trailed seventh with...
...Handicaps. Big or little, all these manufacturers face the same terrific odds. Main reason for the lag in escort ships has been a series of Washington miscalculations. First, the Navy underestimated the real job. Then there was a drive for landing barges. The merchant shipping program itself has put enormous strain on all ship suppliers. More recently, the synthetic rubber program and high-octane gasoline program collided with the escort program for parts...
...because of the 14-day time lag in the old Russian calendar...