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CHAPTER 1. THE AMERICAN ECONOMY: RESPONDING TO CHAL-

LENGES.

21

CHAPTER 2. RECENT DEVELOPMENTS AND THE ECONOMIC OUT-

LOOK.

35

CHAPTER 3. THE AMERICAN LABOR MARKET........

81

CHAPTER 4. GOVERNMENT AND THE LEVEL AND DISTRIBUTION

OF INCOME......

115

CHAPTER 5. COMPETITIVE FORCES AND REGULATION

155

CHAPTER 6. OPEN INTERNATIONAL MARKETS AND PROSPERITY ...

193

CHAPTER 7. ECONOMIC STATISTICS: MEASURING ECONOMIC PER-

FORMANCE...

239

APPENDIX A. REPORT TO THE PRESIDENT ON THE ACTIVITIES OF

THE COUNCIL OF ECONOMIC ADVISERS DURING 1991..

279

APPENDIX B. STATISTICAL TABLES RELATING TO INCOME, EM-

PLOYMENT, AND PRODUCTION

291

* For a detailed table of contents of the Council's Report, see page 13.

(iii)