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
Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York,
Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York,
admin
2022-12-09
112
问题
Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York, where I was stunned to pay $800 for a single shopping cart of groceries. Wealthy locals and vacation shoppers notice, but seem not to curb their spending. Everyone else is travelling an hour or more to get groceries outside the resort areas, ordering dry goods from Costco and growing their own produce.
This story is extreme, but by no means a one-off. To the extent that the wealthy in the US are not yet cutting back on spending, they may be an important and under-explored factor driving the inflation felt by all.
The top two-fifths of income distribution in the US accounts for 60 per cent of consumer spending, while the bottom two-fifths accounts for a mere 22 per cent, according to 2020 BLS statistics.
Amazon’s Jeff Bezos can build a half-billion-dollar yacht, and it doesn’t change life for anyone but him. But when the top quintile of Americans as a whole enjoy 80 per cent of the wealth effect from rising stock and home values, I suspect it starts to have a real impact on inflation, and on the overall structure of our economy, which over the course of the past 30 years of real falling interest rates has become highly financialised.
The US housing market is the best example of the economic and social downsides of extremely financialized growth. Historically, high home prices—which are in part a result of more cash buyers and investors in the market, as well as zoning restrictions and financing trends that favor the rich—mean more people are renting. Rents today are across most of the country.
The people who tend to rent are those least likely to be able to pay the higher prices. According to 2021 Pew Data, 60 per cent of renters are in the lower quartile of American income. Meanwhile, the Biden White House is doing what it can to buffer inflationary pain for working people. It has been releasing strategic petroleum reserves in a partly successful effort to lower prices at the pump, extending pandemic-era caps on some student loan payments and pushing for antitrust action in areas where corporate concentration may be responsible for some inflationary pressure.
But more changes are needed. The success of corporate lobbyists in overturning efforts to roll back carried interest loopholes are shameful. Student debt forgiveness—no matter how generous it is—will not change the fact that the cost of four years of private university in the US is nearly double the median family income. Housing markets continue to cry out for major reform.
It can be inferred that the US Administration should________.
选项
A、make a difference to inflation and housing markets
B、crack down on criminal acts of corporate lobbyists
C、continue to implement student debt forgiveness
D、change the educational system of private university
答案
A
解析
推断题。根据题干可定位至第七段。A项对应第一句But more changes are needed(但还需要更多的改变)和最后一句Housing markets continue to cry out for major reform(住房市场仍急需重大改革),该项属于解释转述,故正确。B项与第二句The success of corporate lobbyists in overturning efforts to roll back carried interest loopholes are shameful(企业说客成功地推翻了堵住附带收益漏洞的努力,这是可耻的)相悖,该项属于过度推断,故排除。C项与第三句前半句Student debt forgiveness—no matter how generous it is (学生债务减免——无论多么慷慨)相悖,减免也无济于事,该项属于是非混淆,故排除。D项与第三句后半句will not change the fact that the cost of four years of private university in the US is nearly double the median family income (都不会改变这样一个事实:美国私立大学四年的花费几乎是家庭收入中位数的两倍)相悖,该项属于过度推断,故排除。
转载请注明原文地址:https://kaotiyun.com/show/iQMD777K
0
考研英语二
相关试题推荐
Everyonewantstobeauthentic.Youwanttobetruetoyourself,notaslavishfollowerofsocialexpectations.Youwantto"liv
Everyonewantstobeauthentic.Youwanttobetruetoyourself,notaslavishfollowerofsocialexpectations.Youwantto"liv
SelectiveNewYorkCitypublichighschoolsaresupposedtomakeiteasyforfamiliestoseetheirdetailedadmissioncriteria,
WhatComesNextAftertheDeathofFreeMarket?WhentheCovid-19pandemicstruck,worldmarketscametoastandstill.Gover
WhatComesNextAftertheDeathofFreeMarket?WhentheCovid-19pandemicstruck,worldmarketscametoastandstill.Gover
Leadingdoctorstodayweighinonthedebateoverthegovernment’sroleinpromotingpublichealthbydemandingthatministersi
[A]Enteringinternationalmarkets[B]Satisfyingglobalcustomers[C]Loweringpricesbymanufacturingoverseas[D]
[A]Enteringinternationalmarkets[B]Satisfyingglobalcustomers[C]Loweringpricesbymanufacturingoverseas[D]
EnrollmentinLosAngelespublicschoolsisexpectedtoplungebynearly30%overthenextdecade,leadingtotoughchoicesahea
Peoplehavebeenholdingheateddiscussionsrecentlyaboutwomen’sexperienceintheworkplace.LastmonthSherylSandberg,chie
随机试题
下列哪种情况须预防性应用抗生素
A.一级结构B.二级结构C.三级结构D.四级结构E.模序结构(2005年)整条肽链中全部氨基酸残基的相对位置属于蛋白质的
儿童皮肤和肺蒸发的水分为“不显性失水”,是调节人体体温的一项重要措施,此年龄的失水量为
装运出口易腐烂变质食品的集装箱,应在装货前申请适载检验,未检验合格不准装运。()
(2018年)黄河公司因技术改造需要2019年拟引进一套生产线,有关资料如下:(1)该套生产线总投资520万元,建设期1年,2019年年初投入100万元,2019年年末投入420万元。2019年年末新生产线投入使用,该套生产线采用年限平均法计提折旧,预计
对当代学生来说,德育比智育更重要。学校的课程设计如果不注意培养学生的完美人格,那么,即使用高薪聘请著名的专家教授,也不能使学生在面临道德伦理、价值观念挑战的21世纪脱颖而出。以下各项关于当代学生的断定都符合上述断定的原意,除了:
Itisallverywelltoblametrafficjams,thecostofpetrolandthequickpaceofmodernlife,butmannersontheroadsarebe
Fornearlytenyears,theUnifiedModelingLanguage(UML)hasbeentheindustrystandardforvisualizing,specifying,constructi
根据下面的数据段定义:DSEGSEGMENTADW1234HBDB56HCEQUA+IDSEGENDS执行MOVB
A、Albright.B、Dole.C、Holbrooke.D、Hastert.D
最新回复
(
0
)