Failure of most of the 1958 cars to meet the approval of the public is one of a series of "unfortunate outside events" which have coincided with a normal slowdown of economic growth to produce the current recession, Sumner H. Slichter, Lamont University Professor, told senators in Washington yesterday.
Other factors that he put in the "unfortunate" category were the tight money policies of the Federal Reserve System designed to curb the 1956-57 inflation, and a sharp drop in defense spending.
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