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  3. "The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of t

"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of t

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问题     "The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of the year. " There are already some signs that important pillars are weakening. Consumer confidence has fallen for the past two months, and the housing sector, which has been buoyant, is starting to sink. Corporate profits are falling.
    Some analysts are especially concerned over the sharp fall of commodity prices. They believe it represents the threat of deflation, or falling prices in general. While this may be good for consumers, it could cause a global slowdown "The Central Bank will have to act forcefully to arrest the deflationary forces," says Robert LaMorte, chairman of Behavioral Economics, a consulting firm in San Diego. But others counter that the Central Bank doesn’t need to intervene, and they argue it should wait to see real data before acting. "The fundamentals are better than the stock market reflects," says Peter Kretzmer, an economist at Nationsbanc Montgomery Securities. The president also tried to do his part to calm the markets, citing the strong job market and balanced budget. "We believe our fundamental economic policy is sound," he said. His comments echoed statements by Treasury Secretary in Washington.
    Some numbers do continue to reflect a strong economy. On September 11, the Conference Board released its index of leading indicators. The index rose 0. 4 percent, promoting the business organization to predict that the nation’s output should increase at a moderate pace for the rest of this year. The group sees little risk of recession in the near term.
    But what has changed is the global economy. Japan and the rest of Asia are in recession. The woes are spreading to Latin America. "I’m convinced that we are going to have a global economic recession," says Sung Won Sohn, chief economist at Norwest Corp. , a Minneapolis-based bank.
    Still, Fed watchers don’t think the Central Bank will act to try to save the world. "It’s inconceivable the Fed could make much difference in Asia, Russia, or Latin America," says Lyle Gramley, a former Fed governor.
    After the last stock market crash, the Federal Revenue acted quickly to provide liquidity to the markets and to lower interest rates. But the economy is in better shape this time. The banking sector is stronger and the financial markets have been able to respond to enormous trading volume.
It is implied in Paragraph 2 that Treasury Secretary may consider America’s economic policy________.
选项 A、sound
B、moderate
C、independent
D、undesirable
答案A
解析 本题是推断题。根据题干关键词Paragraph 2和Treasury Secretary定位至第二段末句。该句提到His comments echoed statements by Treasury Secretary in Washington(他的言论与华盛顿财政部长的言论相呼应)，由此可知财政部长和他的观点一致，再由上文得知 “他”指的是“the president”，该段提到了总统的观点是We believe our fundamental economic policy is sound(我们相信我们的基本经济政策是健全的)。故答案选A。B项出现在第三段世界大企业联合会的预测中，属于“张冠李戴”，故排除；C项和D项在文中均未提及，属于无中生有，故排除。
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