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
外语
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in troubl
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in troubl
admin
2011-05-16
73
问题
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in trouble even if the percentage of their public debt in gross domestic product is much smaller than that of Germany. Italy, also in the financial markets’ crosshairs, has high public debt but a lower deficit than the eurozone’ s average.
The root of these countries’ problems is that their prices and wages have risen much faster than those of other eurozone members.
There are two ways to mitigate the pain. First, to adopt temporarily more expansionary fiscal policies for a while. Or, more powerfully, the wider euro area could adopt more expansionary monetary policies for several years. As to the second option, the "inflation fundamentalists" will have none of it. This elite consisting of central bankers, top economic officials, politicians, academics and journalists insists that it is unacceptable to allow inflation to climb above two percent.
Hyper-inflation in Germany in the 1930s and stagflation in industrial countries in the 1970s and 1980s support their view. It’ s true that moderate inflation can creep up to become high inflation. But inflation fundamentalism can also hurt. There is little if any empirical evidence that moderate inflation hurts growth. In most countries, cutting actual wages is politically difficult if not impossible. But, to regain competitiveness and balance the books, real wage adjustments are sometimes inevitable. A slightly higher level of inflation allows for this painful adjustment with a lower level of political conflict.
On the other hand, ultra-low inflation, in a recession, can easily become deflation. Falling prices encourage people to defer spending, which makes things worse and erodes tax payments, impairing a government’ s ability to pay debt. That in turn increases the debt’ s size and costs.
In addition, a single-minded focus on inflation makes it easy for policymakers to lose sight of the broader picture-asset prices, growth and employment. Policy can become too tight or too loose—as in the run-up to the crisis in the U. S. when low inflation was seen as a comforting sign that things were in order.
In a recession, ultra-low inflation also reduces the effectiveness of monetary policy since interest rates cannot go below zero. The crisis in the euro area highlights the need for a more open-minded discussion of the merits and costs of ultra-low inflation.
What is the text mainly about?
选项
A、The core of Greece’ s trouble.
B、Two ways to solve the problems of Greece, Spain, Ireland and Italy.
C、The merits of inflation fundamentalism.
D、The shortcomings of inflation fundamentalism.
答案
D
解析
这道题要求考生在通读全文的基础上进行判断。文章开始提到选项A,但是“希腊问题的本质”并不是文章讨论的主要内容,只是引出作者观点的一个引子。考生由第三段可知,作者提到了两种缓解这些国家痛苦的办法,但是整篇文章主要谈论的是第二点,所以选项B也不正确。由第四段的第三句“But inflation fundamentalism can also hurt.(但是,通胀原教旨主义也可能带来危害。)”可知,本文主要谈论的是通胀原教旨主义的危害。所以,本题选择D。
转载请注明原文地址:https://kaotiyun.com/show/0Wxd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
【B1】Whiletherearealmostasmanydefinitionsofhistoryastherearehistorians,modernpracticemostcloselyconformstoone
Societywasfascinatedbyscienceandthingsscientificinthenineteenthcentury.Greatbreakthroughsinengineering,theuseo
Societywasfascinatedbyscienceandthingsscientificinthenineteenthcentury.Greatbreakthroughsinengineering,theuseo
PeopleintheUnitedStatesinthenineteenthcenturywere【C1】______bythe【C2】______thatunprecedentedchangeinthenatio
WhydidPresidentBushvetothepreviouswarspendingbill?
Man’spuzzlementandpreoccupationwithtimebothderiveultimatelyfromhisuniquerelationshiptoit.Allanimalsexistin
Itwasin1812,inavillageinFrance.Alittleboytrippedandfellwithpointedtoolsinhishand.Inthataccidenthebecame
Withtherapidglobalizationofscienceitself(morethan40percentofscientificPh.D.studentstrainedintheUnitedStates
61)Howphysicallyattractivesomeoneisplaysaroleindeterminingyourideasaboutthedesirabilityofdevelopinganacquaint
inonelifetime
随机试题
患者女,19岁。家人发现患者半年前出现在晚上入睡约1小时后,突然起床,吃东西,开抽屉拿东西,眼神茫然,数分钟后又自行上床入睡。次日均否认这些行为。发作没有规律,有时一周一次,有时几周一次,遂来就诊。患者肝肾功能、心电图、脑电图、头部MRI等检查均未见异
患者,女,46岁,患慢性肝炎8年。近1个月病情加重,腹大坚满,脘腹绷急,外坚内胀,拒按,烦热口苦,渴不欲饮,小便赤涩,大便秘结或溏垢,面目肌肤发黄,舌边尖红,苔黄腻,脉弦数。其诊断是
皮肤、黏膜、浆膜等出血点、出血斑是
以下选项中属于城镇燃气按其成因不同进行分类的是()。
某工程双代号时标网络计划如下图所示,其中工作A的总时差为( )。
建设单位委托监理单位主要考虑的因素是()。
股权分置改革正式启动的标志是()。
()是组织成员在长期工作中形成的共有价值观、基本信念、行为规范及其物质表现。
在进行薪酬调查分析时,经常使用(),即将调查的同一类数据由高至低排列,再计算出数据排列中的中间数据。
简述以数个责任主体对被侵权一方承担侵权责任的情况为标准对侵权责任所作的分类。
最新回复
(
0
)