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Economic Perspectives, Vol. 4, No. November/December, 1980
Capital Spending — The National Need
Solutions for the nation's major economic problems-inflation, lagging productivity, competitiveness in world markets, energy stringencies, and unemployment-rely heavily on hopes for a high and rising rate of business investment in new plant and equipment. Large investment outlays are needed to expand capacity, increase productive efficiency, improve quality of existing goods and services, and introduce new products.
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