     27

			  		2.1	
 	 , 
 		
	 	 ( %)
			    	  "	 
. 1,	1934	. 31,	1936	25-45	()	()
. 1,	1936	 31,	1936	25-55	()	()
. 1,	1936	. 31,	1937	55	()	()
. 1,	1937	. 4,	1945	40	50	()
. 5,	1945	 4,	1945	50	50	()
 5,	1945	. 20,	1946	75	75	()
. 21,	1946	. 31,	1947	100	100	()
. 1,	1947	 29,	1949	75	75	()
 30,	1949	.16,	1951	50	50	()
. 17,	1951	.19,	1953	75	75	()
. 20,	1953	. ,	1955	50	50	()
. 4,	1955	. 22,	1955	60	60	()
.23,	1955	. 15,	1958	70	70	()
. 16,	1958	. 4,	1958	50	50	()
. 5,	1958	. 15,	1958	70	70	()
. 16,	1958	 27,	1960	90	90	()
 28,	1960	 9,	1962	70	70	()
 10,	1962	. 5,	1963	50	50	()
. 6,	1963	 10,	1968	70	70	()
 11,	1963	 7,	1968	70	70	50
 8,	1968	 5,	1970	80	80	60
 6,	1970	. 5,	1971	65	65	50
. 6,	1971	. 23,	1972	55	55	50
. 24,	1972	. 2,	1974	65	65	50
. 3,	1974	 		50	50	50

       .

  11.03.68 .      .

: Federal Reserve Bulletin,  .

          -
  (marked to the market).    (2.1)  , 
          -
   .      -
         , -
  '2.       Widget  -
     $25  ,    
  20% (($2500 - $2000)/$ 2500].