AS they surveyed the state of the U.S. economy last week, Americans felt bewilderment, frustration and occasionally a touch of fatalism. Mike Lynn, a Detroit barber, put it bluntly: "I don't think about the economy. There's nothing any of us can do to change things." Occasionally the Administration seemed to take the same line or argued that enough had already been done and that things would change gradually for the better. Only lately have Nixon and his economic advisers become somewhat more receptive to calls for stronger action (see BUSINESS). The latest figures...
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