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Chicago Fed Letter, No. 19, March 1989
After Big Gains, Challenges for Small Business

It is now generally agreed that small firms (under 100 employees) drove at least the early stages of the expansion and created a lot of new jobs, although economists are still arguing about the exact numbers.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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