Word: outputted
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...less expensive imports continue to rise, dealers have sold fewer U.S.-made cars for the past three months than a year earlier. Sales were off almost 10% in December and 22% in the first ten days of January. Detroit reduced production last month to 611,700 cars, the lowest output for any December since 1960, but the cutback was not enough to keep dealers from being overstocked. They have enough unsold cars to last 60 days at the current sales rate v. a 49-day supply only a month earlier. In an effort to revive sales, automakers are sponsoring unusually...
...consumers use the tax reduction to increase savings rather than spending, and a credit crisis forces businessmen to cut capital spending rather than raise it, GNP would rise only to about $966 billion. Higher prices would account for all the "growth," but real output would fall enough to produce a recession-worse than...
...businessmen raise capital spending a bit, but consumers save rather than spend, GNP would come to $970-$975 billion. In that case, the nation would suffer a minor recession-at least according to the current technical definition of a "recession" as a drop in real output for two successive quarters...
...cosmic ray and solar particles. Made millions and even billions of years ago, these markings are permanent records of the sun's activity. From them, scientists may learn, for example, if the earth's ice ages were in fact caused by long periods of reduced solar output...
...housing's plight is to cure inflation, which should not only allow all interest rates to decline but increase the flow of money into the prime sources of mortgage loans: savings and loan associations and savings banks. That may take some time. Meanwhile, the nation's output of housing is likely to decline further and the high price of home loans seems certain to fan demands in Congress for measures to funnel less costly money into home financing...