...detail in the Council's 1967 Annual Report. As initially set forth in 1962, the guideposts stated : The general guide for noninflationary wage behavior...to the trend rate of overall productivity increase. . . . The general guide for noninflationary price behavior calls for price reduction if the industry's...

...specific qualifications required by the objectives of equity and efficiency. The general guide for wages is that "the rate of increase in wage rates (including...the trend rate of over-all productivity increase." Under these conditions the gain from increases in productivity throughout the economy would be shared...

...appeared flrst In the 19B2 report where the advisers said : "The general guide for nonlnflntlonary wage behavior Is that the rate of Increase In wage...to the trend rate of overall productivity Increase" (p. 189). •Report, 1962, p. 189. smaller In the future If we are to have more rapid economic growth...

...is intended to foster domestic price stability by establishing as a general guidcpost the principle that the rate of increase in wage rates (including fringe benefits) in particular industries should be equal to the trend rate of overall productivity increase. This clearly...

...appeared first In the 1962 report where the advisers said: "The general guide for nonlnflatlonary wap> behavior Is that the rate of Increase In wage rates...to the trend rate of overall productivity Increase" (p. 189). • Annual Report of the Council of Economic Advisers, Economic Report of the President (Washington,...

...prices must also be responsive to other forces. The report said: The general guide for noninflationnry wage behavior is that the rate of increase in wage...to the trend rate of overall productivity increase. Then the report pointed out that in the interest of equity, wage rate increases would exceed the general...

...prices must also be responsive to other forces. The report said, "The general guide for noninflationnry wage behavior is that the rate of increase in wage...the trend rate of overall productivity increase." Then the report pointed out that In the interest of equity, wage-rate increases would exceed the general...

...to that >art of the Council's report in which they state that "The general guide for nonuflationary wage behavior is that the rate of increase in wage rates (including ringe benefits) in each industry be equal to the trend rate of overall productivity ncrease," (p. 189)...

...is intended to foster domestic price stability by establishing as a general guidepost the principle that the rate of increase in wage rates (including fringe benefits) in particular industries should be equal to the trend rate of overall productivity increase. This clearly...

...been set forth in each annual report of the Council since 1962. The original statement of 1962 reads: "The general guide for noninflationary wage behavior...to the trend rate of overall productivity increase * * * "The general guide for noninflationary price behavior calls for price reduction if the industry's...