SEMAINE D ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC. 
887 
and since from relations (251-12) and (251-6) we have 
(421-4) 
y » 6, 
the preceding result relation (420-4) is found again. 
Estimate of p for the United States 
122. For the United States p and ©, may be taken ac. 
0.017 
oO, 
and according to (4zu-4 
The diminution ot real consumed income 1s thus « 
order of 69%. 
and 326. 
i Allais - pag. 191