In the material below, three distinct ideas have been combined into one. ARRANGE the material so that there are three separate paragraphs, each addressing a separate idea.

”A majority of the economists consulted think that business activity will drop during the first quarter of next year. Of the 185 economists interviewed, 13 percent looked for continued increases in business activity, and 28 percent anticipated little or no change from the present high level. The remaining 59 percent looked for a recession. Of this group, nearly all (87 percent) believed that the downturn would occur during the first quarter of the year. The significant role of inventories in the economic picture should not be overlooked. At present, inventories represent 3.8 months’ supply. Their dollar value is the highest in history. If considered in relation to increased sales, however, they are not excessive. In fact, they are well within the range generally believed to be safe. Thus, inventories are not likely to cause a downward swing in the economy. Numerous materials have been used in manufacturing this part. And many have shown quite satisfactory results. Material 329, however, is superior to them all. When built with material 329, the part is almost twice as strong as when built with the next best material. It is also three ounces lighter. Most important, it is cheaper than any of the other products.”