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 sentences used to describe monetary policy, such as "steering the economy to a soft landing" or "a touch on the brakes"
Many sentences used to describe monetary policy, such as "steering the economy to a soft landing" or "a touch on the brakes"
admin
2010-06-30
59
问题
Many sentences 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 troth. 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 % 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. 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 ecoaomic models which were based upon the historical link between growth and inflation.
By saying "This is no flash in the pan"(Para.3, lines 5) ,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。故应选A。
转载请注明原文地址:https://kaotiyun.com/show/7cJd777K
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
WorldleadersmetrecentlyatUnitedNationsheadquartersinNewYorkCitytodiscusstheenvironmentalissuesraisedattheRio
Throughouthistorytherehavebeenmanyunusualtaxesleviedonsuchthingsashats,Beds,Baths,marriages,andfunerals.Aton
Throughouthistorytherehavebeenmanyunusualtaxesleviedonsuchthingsashats,Beds,Baths,marriages,andfunerals.Aton
A、AlthoughEnglish,hewasactuallynotborninEngland.B、HewasastudentofthefamousEnglishpublicschool,Eton.C、Hetrie
AccordingtotheAmericanAcademyofDermatology,anestimated10to50millionpeopleinthiscountryhaveanallergicreaction
In1959theaverageAmericanfamilypaid$989forayear’ssupplyoffood.In1972thefamilypaid$1,311.Thatwasaprice
"Junkscience"ishowElliotMorley,Britain’sministerresponsibleforgeneticallymodifiedfarming,describesstudiesthatcla
"Junkscience"ishowElliotMorley,Britain’sministerresponsibleforgeneticallymodifiedfarming,describesstudiesthatcla
Whenitcomestotheslowingeconomy,EllenSperoisn’tbitinghernailsjustyet.Butthe47-year-oldmanicuristisn’tcutti
What’sthemaintopicofthemonologue?
随机试题
简述动机的机能。
计算机传染病毒的可能途径是()。
38岁患者,月经量多,经期延长。周期25天。妇查:宫颈中糜、肥大,宫体后位,约2+个月妊娠大小,表面不平,质硬,无压痛,附件(-),B超示子宫有多个低回声结节,下列治疗哪项最合适( )
诬告陷害罪
下列费用中,属于土地征地补偿及拆迁补偿费的是()。
背景资料:某市新建一生活垃圾填埋场工程,规模为20万t,场地位于城乡结合部。向社会公开招标,采用资格后审并设最高限价,接受联合体投标。A公司与业绩较好的B公司组成联合体投标;C公司和D公司组成联合体投标,同时C公司又单独参加该项目的投标;参加投标
个体工商户在税法规定的享有免税优惠的期限内,可以不必办理税务登记。()
自我意识萌芽的时间是()
文化应该是多元共生的,中国文化要走向国际社会。首先要了解国外社会的文化__________。为此,中国电影需要开拓更加宽广的__________,寻找更加多元的表达__________。依次填入划横线部分最恰当的一项是()
AssoonasJohn’smostrecentnovelhadbeenoutofprint,ithadbeenmauledbysomanycriticsinNewYork.
最新回复
(
0
)