Monetary Policy
u* = √uv: The full-employment rate of unemployment in the United States
Research
BPEA | 1971 No. 1The 1972 Budget: Where It Stands and Where It Might Go
Nancy H. Teeters
Nancy H. Teeters
The Brookings Institution
Nancy H. Teeters
The Brookings Institution
1971, No. 1
THE BUDGET FOR FISCAL YEAR 1972, sent to Congress last January,
proposed an increase in unified budget outlays of $16.4 billion over 1971.
Included in the requests were the following: