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Government seeks to modulate growth pace after strong first-quarter rise
Washington AP reports the government aims to moderate the pace of expansion to lift real incomes and employment without reigniting inflation. Gross national product rose to 1.103 trillion dollars in Q1 1972, with a 12 percent annual rate, and profits surged in nonfinancial corporations.
MENTIONED IN THIS ARTICLE
Washington
Herbert Stein
Stein
President
Council of Economic Advisers
Nixon
Ceat
Commerce Department
General Motors