Book Description

Excerpt from The Demand and Price Situation: March 1949 These trends ih consumer expenditures and personal savings, together with.declining prices for many commodities, indicate that in many sectors of the economy, sxpplies hive overtaken current demand. While the high level of income continues to generate large consumer expenditures, deferred demands have gradually disappeared. These backlogs were primarily zn durable goods, expenditures fur which declined in the last quarter of 1948 and probably in the first quarter of this year. However, lower-priced automobiles are still in short supply relative to demand. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.