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 housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the flo
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the flo
admin
2013-01-22
29
问题
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the floor, still trying to struggle to its feet According to the National Association of Realtors, the national median existing-home price ended the year at $ 164, 000, up 7.1 percent from 2001. That’s the strongest annual increase since 1980.
Although residential real estate activity makes up less than 8% of total U. S. GDP, a housing market like this one can make the difference between positive and negative growth. Most significantly, consumer spending is 66% of GDP, and the purchase of a new home tends to have an "umbrella effect" on the homeowner’s spending as he has to stock it with a washer/dryer, a new big-screen TV, and maybe a swing set for the yard.
The main factor in housing’s continued strength is a classic economic example of zero-sum boom: the persistent weakness everywhere else. As the 2003 recovery continues to be more forecast than reality. Falling stock prices raised investor appeal for U. S. Treasury Bonds, which in turn, allowed most interest rates to drift even lower. But there are not many signs that there’s a bubble ready to burst
December’s new record in housing starts, for example, was nicely matched by the new record in new home sales. If you build it, they will buy and even if an economic pickup starts to reduce housing’s relative attractiveness, there’s no reason why modest economic growth and improved consumer mood can’t help sustaining housing’s strength. "The momentum gained from low mortgage interest rates will carry strong home sales into 2003, with an improving economy offsetting modestly higher mortgage interest rates as the year progresses, " said David Lereah, chief economist at the National Association of Realtors.
Just as housing has taken up much of the economic slack for the past two years, both as a comforting investment for fretting consumers and a driver of consumer spending itself, a big bump elsewhere in the e-conomy in 2003 could be housing’s downfall. If stocks roar back this spring, capital inflows could steal from the bond market, pushing up long-term interest rates. Or Alan Greenspan and the Fed could do the same to short-term rates, as a way to hit the brakes on a recovery that is heating up too fast In other words, if everything possible goes wrong for housing, homeowners should have plenty to compensate them in terms of job security and income hikes.
It is implied in the passage that the economy in the year 2003 may______
选项
A、grow moderately.
B、struggle to its feet
C、heat up too fast
D、continue to boom.
答案
C
解析
题干问:“这篇文章作者暗示的是在2003年经济可能……”。第5自然段有明显的陈述说经济可能会发展太快,且根据原文中的“as a way to hit the brakes on a recovery that is heating up toofast”也可得出经济发展太快,需要进行遏制。且这一观点在第1自然段的第1句背景部分也有所引射,因此选项C“升温过快”为正确选项。而选项A“有度地增长”,选项B“努力挣扎以重振旗鼓”和选项D“继续繁荣”都不是2003年经济的走向。
转载请注明原文地址:https://kaotiyun.com/show/Cn1O777K
0
考博英语
相关试题推荐
Americanliteraryhistoriansareperhaps_______toviewingtheirownnationalscenetoonarrowly,mistakingprominenceforunique
Duringthefamine,manypeoplewere________togoingwithoutfoodfordays.
In1984,PresidentRonaldReaganproposedthattheUnitedStatesconstructalaunchlaboratoryforaneweraofspaceexploratio
Asadevelopingcountry,wemustkeep_____withtherapiddevelopmentoftheworldeconomy.
Koizumi’sannualvisitstothenotoriousshrinehavesparkeda_____ofcondemnationandprotestsfromChinaandtheROKbecauset
Accordingto_____acrosstherelevantresearchcommunity,thepublishedattackrepresentsanextremepositioninitsdemandsfor
Unlesswespendmoneytospotandpreventasteroids(小行星)now,onemightcrashintoEarthanddestroylifeasweknowit,saysome
Unlesswespendmoneytospotandpreventasteroids(小行星)now,onemightcrashintoEarthanddestroylifeasweknowit,saysome
Itmustguaranteefreedomofexpression,totheendthatall______totheflowofideasshallberemoved.
Whichsporthasthemostexpenses______trainingequipment,players’personalequipmentanduniforms?
随机试题
Ifyou’reamaleandyou’rereadingthis,congratulations!You’reasurvivor.Accordingtostatistics,you’remorethantwiceas
肝肾实质衰减程度属于
下列各项,可见口干但欲漱水不欲咽症状的是
三国两晋南北朝时期随着社会政治经济关系的变化,法律内容也有所发展,主要表现在礼法结合进一步发展。下列哪些情形属于具体表现?
甲企业2011年7月1日以110万元的价款购人面值为100万元的普通公司债券作为长期投资。该债券系当年1月1日发行,票面利率为6%,期限为3年,到期一次性还本付息。为购买该债券,甲企业另外支付税金和其他费用合计2万元(假定达到重要性要求)。甲企业采用直线摊
对于当期应予以资本化的借款费用,应当反映在()科目中。
下列不属于土地承包经营权内容的是()。
党的十九大报告指出,要坚决打赢脱贫攻坚战。要动员全党全国全社会力量,坚持精准扶贫、精准脱贫,坚持中央统筹、省负总责、市县抓落实的工作机制,强化党政一把手负总责的责任制,注重扶贫同扶志、扶智相结合,深入实施东西部扶贫协作,重点任务是()
TransportationuseatoBeMuchSlowerthanItIsNowFormanyyearsintiledesert,camelsuse
PASSAGEONEWhatwasGrandCanyonbeforeitbecameanationalpark?
最新回复
(
0
)