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Economic Guidelines Are Tested by Government Influence
The Johnson administration tests voluntary guidelines to steer wages, prices, investments, and banking. Compliance hinges on public pressure and potential controls. Workers seek higher pay. management weighs costs and competition. Overseas investments and dollar strength complicate bank lending and profits. Venice loses residents as jobs move to the mainland.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Washington
U.S