Date of Original Version

1969

Type

Working Paper

Rights Management

All Rights Reserved

Abstract or Description

Most economists looking ahead to 1970 expect the rate of inflation to slow as the effects of government's anti-inflation policies begin to show up in the prices of the goods and services each of us buys and sells. Inflation is defined as a sustained rise in some broad based index of prices, so the effects of the policies designed to slow the current inflation will not become apparent until the indexes show a slower rate of increase. In the less inflationary environment for 1970 that I and others envision, many prices will continue to rise but, on the average, the rise will be smaller than in 1969.

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