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Printed for the use of the Joint Economic Committee

U.S. GOVERNMENT PRINTING OFFICE

76-5080

WASHINGTON : 1972

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, D.C. 20402 - Price $1.75

Stock Number 5270-1451

JOINT ECONOMIC COMMITTEE

(Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.)

WILLIAM PROXMIRE, Wisconsin, Chairman

WRIGHT PATMAN, Texas, Vice Chairman
SENATE

HOUSE OF REPRESENTATIVES JOHN SPARKMAN, Alabama

RICHARD BOLLING, Missouri J. W. FULBRIGHT, Arkansas

HALE BOGGS, Louisiana ABRAHAM RIBICOFF, Connecticut

HENRY S. REUSS, Wisconsin HUBERT H. HUMPHREY, Minnesota MARTHA W. GRIFFITHS, Michigan LLOYD M. BENTSEN, JR., Texas

WILLIAM S. MOORHEAD, Pennsylvania JACOB K. JAVITS, New York

WILLIAM B. WIDNALL, New Jersey JACK MILLER, Iowa

BARBER B. CONABLE, JR., New York CHARLES H. PERCY, Illinois

CLARENCE J. BROWN, Ohio
JAMES B. PEARSON, Kansas

BEN B. BLACKBURN, Georgia
JOHN R. STARK, Executive Director
JAMES W. KNOWLES, Director of Research

ECONOMISTS
LUCY A. FALCONE
Ross F HAMACHEK

JERRY J. JASINOWSKI
JOHN R. KARLIK
RICHARD F. KAUFMAN

LOUGHLIN F. MCHUGH COURTENAY M. SLATER Minority: GEORGE D. KRUMBHAAR, Jr. (Counsel) WALTER B. LAESSIG (Counsel) LESLIE J. BANDER

(II)

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