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
Read the text taken from a business magazine. Choose the best sentence to fill each of the gaps. For each gap (9-14), mark one l
Read the text taken from a business magazine. Choose the best sentence to fill each of the gaps. For each gap (9-14), mark one l
admin
2013-02-14
58
问题
Read the text taken from a business magazine.
Choose the best sentence to fill each of the gaps.
For each gap (9-14), mark one letter (A-H) on your Answer Sheet.
Do not use any letter more than once.
There is an example at the beginning, (0).
Inflation
"Inflation" is the term used to describe a rise in the general price level of goods and services. Note that individual price increase, for example, due to seasonal shortages of food, is not classified as inflation. (0) D
The first is the one in which the demand for goods and services (and the money available to purchase them) exceeds the supply available. There may be a large supply of money available for one or more of several reasons; because government spending is relatively high; or because credit is easily available; or because people have relatively high disposable income (e. g. incomes after tax plus transfers, such as children’s allowances). When customers want to spend money on goods and services, but there are not enough of them to meet the demand, prices rise accordingly. (9) ............
The second situation which causes inflation is the one in which production costs are rising. Production costs include raw materials, energy, and wages. When workers find they cannot afford the goods and services they need owing to the fact that prices are too high, they seek wage increases; sometimes increased production costs are absorbed in increased productivity or a reduction in profits so that they are not passed on in higher prices.
More usually, however, they are not and, hence, prices rise. (10).............
These two causes of inflation are often interrelated so that the one situation leads to the other which in turn leads to a recurrence of the first situation. (11) .............
A third cause of inflation may be government policy. A government can regulate prices by changing its tax policy. Governments can affect the level of prices by controlling or regulating them, or by reducing taxes on goods and services and, accordingly, keeping prices down. Alternately, if a government does not regulate prices or if it imposes higher taxes (such as VAT), it may push prices up. Governments also occasionally attempt to control the level of wage increases and, hence, keep those production costs down. Lastly, as mentioned earlier, some people think that higher prices are often due to high government spending. (12) .............
First, because the real value of money tends to decline, lenders of money, such as banks, are less willing to lend or are willing to do so only at higher interest rates. This makes borrowing more expensive, and thus may cause prices to rise even further, owing to the increased cost of borrowing.
Second, there are many groups of people whose incomes are fixed or whose incomes tend to rise slowly and infrequently. (13) ............. Old age pensioners are examples of one of these groups.
Third, when people see the value of money being eroded, they are less willing to save. Accordingly, there is less money available for investment in the new equipment which is frequently necessary if productivity is to increase. (14)............. Consequently, prices continue to rise.
A It is easy to get loans or buy things on credit.
B This is often referred to as "costpush inflation".
C Inflation has several consequences, all of which are bad.
D There are three situations which can result in inflation.
E This is often referred to as "demand-pull inflation".
F In a period of inflation the living standards of these people fall and, as a result, they suffer hardship.
G This chain of cause and effect is called an "inflationary spiral".
H It may be more difficult, therefore, to absorb increased production costs.
选项
答案
E
解析
该选项意思是:这种被称为需求拉动型通货膨胀。这句话是对此段的总结。故答案为E。
转载请注明原文地址:https://kaotiyun.com/show/4G7d777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
Accordingtotheman,whatdoesheneedtodothismorning?
Whatdidthecustomersrecommend?
(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.Careerdevelopment:theimportanceofacquiringarange
Task8EducationalSponsorshipThecompanyyouworkforisconsideringfundingaregionaleducationalprojectfor16-18-year-old
Iscapitalmarketimportantornot?Why?Canyougiveexplanationaboutit?
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
•Youwillhearadiscussionbetweentwoseniormanagers,JohnandDeborah,aboutanassistantmanager,Colin,whohasappliedf
随机试题
茶艺职业道德的基本准则,应包含这几方面主要内容:遵守职业道德原则,热爱茶艺工作,不断提高服务质量等。
就投资者经验来讲,标志着企业承认自己处于财务困境的措施是()
关于循环功能衰竭按血流动力学的病因分类,描述不正确的是
投标人经复核认为招标人公布的招标控制价未按照《建设工程工程量清单计价规范》GB50500—2013的规定进行编制的,应向招投标监督机构和工程造价管理机构投诉。投诉书内容包括()。
D公司正面临印刷设备的选择决策。它可以购买10台甲型印刷机,每台价格8000元。且预计每台设备每年末支付的修理费为2000元。甲型设备将于每4年末更换,预计无残值收入。另一个选择是购买11台乙型设备来完成同样的工作,每台价格5000元,每台每年末支付的修理
农业生态系统模式:沼气、猪、鸡、玉米、粪便、沼气池。在一个人工农业生态系统中,玉米、鸡、猪、人组成的食物网如图所示。鸡、猪、人的粪便以及玉米秸秆通过沼气池发酵,产生的沼气用于照明和做饭,沼渣可以做肥料。请分析回答以下问题:如果工厂排放的有害物质如铅
如图所示,一物体以速度v0冲向光滑斜面AB,并能沿斜面升高h,下列说法正确的是:
设函数,且y=f(x)+g(x)在(-∞,+∞)内连续,试确定常数a,b的值.
[A]Indiarunslikeathreadthroughthistale.CottonwasbeingspunintheIndusValleyin3000BC:Herodotusadmireditsquali
Thereceptionist,______jobwastoanswerthephone,hadlaryngitis(喉炎).
最新回复
(
0
)