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BPEA Article

Capacity Creation in Basic-Materials Industries

Abstract

THE ADEQUACY of industrial capacity has not been a central concern of
postwar stabilization policy. Aggregate-demand targets, such as potential
gross national product, have typically been defined with reference only to
labor-market conditions.

Author

Commenters

John B. Shoven

Charles R. Schwab Professor of Economics - Stanford University, and NBER

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