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
Many phrases used to describe monetary policy, such as " steering the economy to a soft landing" or "a touch on the brakes", mak
Many phrases used to describe monetary policy, such as " steering the economy to a soft landing" or "a touch on the brakes", mak
admin
2016-06-25
34
问题
Many phrases used to describe monetary policy, such as " steering the economy to a soft landing" or "a touch on the brakes", makes it sound like a precise science. Nothing could be further from the truth. The relation between interest rates and inflation is uncertain. And there are long, variable lags before policy changes have any effect on the economy. Hence the 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. Average inflation in the big seven industrial economies fell to a mere 2.3% one year, close to its lowest level in 30 years, before rising slightly to 2. 5% the next 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 has 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.
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 few years, inflation has been continually lower than expected in Britain and America.
Economists have been particularly surprised by favourable inflation figures in Britain and the United States, since conventional measures suggest that both economies, and especially that of America, 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 in the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective. Some economists argue that powerful structural changes in the world have up-ended the old economic models which were based upon the historical link between growth and inflation.
By saying "This is no flash in the pan"(Para. 3), the author means that "______".
选项
A、the low inflation rate will continue
B、the inflation rate will rise again
C、inflation will disappear entirely
D、there is no inflation at present
答案
A
解析
no flash in the pan“昙花一现”。这种低通货膨胀不是昙花一现,即低通货膨胀还会继续。
转载请注明原文地址:https://kaotiyun.com/show/5HRd777K
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
Evenplantscanrunafever,especiallywhentheyareunderattackbyinsectsordisease.But【21】______humans,plantscanhave
Thedemoralizingenvironment,decrepit(老朽的)buildingandminimalmaterialsmakethehighschoolexperienceforthesechildr
Therearevariouswaysinwhichindividualeconomicunitscaninteractwithoneanother.Threebasicwaysmaybedescribedasth
Wheredoesthemoneyforfreepublicschoolscomefrom?
Humansocietieshaveexperiencedsomanywars,buthaveyoueverthoughtaboutwhatawarreallyis?Warmaybeanaturalexpres
Humansocietieshaveexperiencedsomanywars,buthaveyoueverthoughtaboutwhatawarreallyis?Warmaybeanaturalexpres
Learningdisabilitiesareverycommon.They【21】______perhaps10percentofallchildren.Scientistsnowknowthereareman
Oftenreferredtoas"theheartofafactoringorganization",thecreditdepartmentisresponsibleforgrantingcredittoclient
Asisthecaseinmanycultures,thedegreetowhichaminoritygroupwasseenasdifferentfromthecharacteristicsofthedomi
Whyarewefarfromsatisfiedwithourbasicneeds?
随机试题
女,20岁。夜间排尿后突然右下腹剧痛,随后恶心、呕吐。平时月经规律,末次月经为10d前。妇科检查:子宫右侧可触及手拳大小囊实性包块,触痛,推移后疼痛加剧。首先应考虑
长期饥饿下,维持血糖相对恒定的主要途径
建筑节能分部工程验收会议由()主持。
生产调度工作的基本原则是()。
个体害怕孤独,希望和他人在一起的一种心理倾向,这样的动机称为()。
1,3,0,6,10,9,()。
962年,_______进军罗马,帮助教皇平定内乱,取得了“神圣罗马皇帝”的称号。
A;Canyoukeepaneyeonmybag?B:______A:No.I’mgoingtothebathroom.
材料1传统安全威胁犹如挥之不去的梦魇,非传统安全威胁则像“达摩克里斯之剑”在全球范围内高悬。在阿富汗战场取胜后,美国又将战争之剑指向伊拉克,准备打第二场“海湾战争”,企图通过“打伊拉克、倒萨达姆”重塑中东格局,主导中东事务,控制海湾石油。目前,战与和正处
Itwouldbedifficulttohaveasocietylikeourswithoutpublicgoodssuchasdefense,transportation,andotherservices.
最新回复
(
0
)