Abstract
THE BROOKINGS PANEL on Economic Activity started its eighth year with
a conference held in Washington, D.C., on April 14 and 15, 1977. Presented
at that time, and published here, were three articles and four
reports. The topics covered span a wide range of concerns of the panel: the
estimation of potential gross national product, the determinants of investment
demand, the effects of changes in wealth on consumer spending, the
effectiveness of temporary tax changes, corporate profitability, cyclical
influences on the quality of jobs, and wage and price interactions
