首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
【F1】Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brak
【F1】Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brak
admin
2014-10-27
27
问题
【F1】
Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brakes, makes itself sound like a precise science.
Nothing could be further from the truth. The link between interest rates and inflation is uncertain. And there are long, variable lags before policy changes have any effect on the economy.【F2】
Hence there is an analogy that likens the conduct of monetary policy to driving a car with a blackened windscreen, a cracked rearview mirror and a faulty steering wheel.
Given all these disadvantages, central bankers seem to have had much to boast about of late. Average inflation in the big seven industrial economies fell to a mere 2.3% last year, close to its lowest level in 30 years, before rising slightly to 2.5% this July. This is a long way below the double-digit rates which many countries experienced in the 1970s and early 1980s.
It is also less than most forecasters had predicted. In late 1994 the panel of economists which The Economist polls each month said that America’s inflation rate would average 3.5% in 1995. In fact, it fell to 2.6% in August, and is expected to average only about 3% for the year as a whole.【F3】
In Britain and Japan inflation is running half a percentage point below the rate predicted at the end of last year, this is no flash in the pan; over the past couple of years, inflation has been consistently lower than expected in Britain and America.
【F4】
Economists have been particularly surprised by favourable inflation figures in Britain and the linked States, since conventional measures suggest that both economies, and especially America’s, have little productive slack.
America’s capacity utilisation, for example, hit historically high levels earlier this year, and its jobless rate(5.6% in August)has fallen below most estimates of the natural rate of unemployment—the rate below which inflation has taken off on the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective.【F5】
Some economists argue that powerful structural changes in the world have upended the old economic models that were based upon the historical link between growth and inflation.
【F2】
选项
答案
因此这样的类比(就如同)把执行货币政策比作驾驶着一辆涂黑了挡风玻璃,打碎了后视镜,并且方向盘无法正常工作的汽车。
解析
转载请注明原文地址:https://kaotiyun.com/show/YyK4777K
0
考研英语一
相关试题推荐
In19th-centuryEngland,craftsmendonnedmasksandriotedloforcethedestructionoftextilemachinesthatwerestealingtheir
Musiccomesinmanyforms;mostcountrieshaveastyleoftheirown.【C1】______theturnofthecenturywhenjazz(爵士乐)wasborn,
Musiccomesinmanyforms;mostcountrieshaveastyleoftheirown.【C1】______theturnofthecenturywhenjazz(爵士乐)wasborn,
Musiccomesinmanyforms;mostcountrieshaveastyleoftheirown.【C1】______theturnofthecenturywhenjazz(爵士乐)wasborn,
Consumersandproducersobviouslymakedecisionsthatmoldtheeconomy,butthereisathirdmajor【C1】______toconsidertherole
Consumersandproducersobviouslymakedecisionsthatmoldtheeconomy,butthereisathirdmajor【C1】______toconsidertherole
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
随机试题
A、Fromtheservicecenter.B、Fromanadvertisement.C、Fromaguidebook.D、Fromthecompany’swebsite.D细节推断题。对话中,女士询问男士如何获得家政服务的
Susan:I’msogladtoseeyou,David.【K1】________hasbeensuchalongtime.Howareyou?David:I’mfine,andyou?
PC中常用的外围设备一般通过各自的适配卡与主板相连,这些适配卡只能插在主板上的PCI总线插槽中。()
孕38周,第1胎,有规律宫缩5小时,阴道流水6小时,宫口开大5cm,双顶径处在坐骨棘水平,阴道分泌物pH为7,胎心正常。正确的诊断和处理是
细胞膜的物质主动转运是借助于膜上的()。
某企业在第一年初向银行借款300万元用于购置设备,贷款年有效利率为8%,每半年计息一次,今后5年内每年6月底和12月底等额还本付息,则该企业每次偿还本息()万元。
脊髓前角是()。
(1)现场勘测(2)交定金(3)设计装修图纸(4)确定方案(5)开始施工
A、Verygood.B、Notyet.C、That’snice.B
他带领的军队占领了许多地方,并给这些地域造成了巨大破坏。
最新回复
(
0
)