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WHERE THE WEALTH EFFECT COMES INTO THE GROWTH PICTURE.

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  • معلومة اضافية
    • نبذة مختصرة :
      The article reports on the belief of Conference Board economist Albert T. Sommers that rising interest rates alone will not decrease credit demand in the United States. He explains that the ultimate strategy for the Federal Reserve Board is not the cost of higher interest rates to business, but the impact of personal wealth on holders of equities.