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
Inflation has just exploded. The real problem is that we have an underlying rate of inflation—an impetus of wages chasing prices
Inflation has just exploded. The real problem is that we have an underlying rate of inflation—an impetus of wages chasing prices
admin
2011-01-08
68
问题
Inflation has just exploded. The real problem is that we have an underlying rate of inflation—an impetus of wages chasing prices—of maybe 9 percent that is heading towards 10 percent. There also have been tremendous shocks in energy, food and housing prices, making it worse.
By the end of the year, we will be in a situation where year in, year out, we can look forward to at least 10 percent inflation. And the question will be:How much worse will oil, food and housing prices make that?
The situation has degenerated to the point that the only way to turn it around is to think of some very extreme changes in policy. A policy of gradualism, where you’re talking about a mild recession and another 1 to 2 million people unemployed, won’t make much difference. Postponing action just means that inflation presses further and is even more difficult to deal with.
You have to start with revenue and monetary restraint. All the burden now is on monetary policy. We should shift to a much more restrictive revenue policy and an easier monetary policy. To be significant, the 1981 budget should be cut by at least 20 billion dollars from 616 billion President Carter proposed. That’s a major cut in government programs—and very hard to do. It’s impossible if you save defense and all the programs indexed for changes in the cost of living.
So it means cuts across the board in every area—including the indexed programs, such as Social Security and food stamps. State and local-government revenue-sharing programs are another major candidate. You’ve also got to reopen the 1980 budget and cut that.
Then I would favor wage and price controls to break the impetus of the wage-price interaction. In order to get quick results, I’d set the standard around 5 or 6 percent for both wages and prices. Basically, you’re aiming to cut the rate of inflation in half the first year. There would be no excep¬tions, but you would focus on large corporations and major labor settlements.
For the
special sectors
where the big shocks have occurred, controls won’t work. Instead, you need additional policies in each one of those areas.
There are no cheap or easy solutions to the inflation problem. My answer is to take all the things that everybody wants to do, and instead of choosing among them, do all of them. We’ve got to think in terms of a comprehensive program.
The phrase "special sectors" (line 1, paragraph 7) most probably refers to
选项
A、energy, food and housing.
B、indexed programs.
C、social security and food stamps.
D、large corporations and labor settlements.
答案
A
解析
该题为释义题。第七段第一句“For the special sectors where the big shocks have occurred…”告诉我们,这些特殊行业已经受到了通货膨胀的巨大影响,而且根据第一段最后一句“There also have been tremendous shocks in energy,food and housing prices,making it worse.”可以看出,能源、食品及住房价格已经发生了巨大震荡,这使得通货膨胀更加糟糕;综合以上两方面的因素,故选A。
转载请注明原文地址:https://kaotiyun.com/show/H2xd777K
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
TheU.S.SupremeCourthasforbiddenprayersinpublicschools,butmanyAmericansclingtotheideathattheireducationalsys
TheU.S.SupremeCourthasforbiddenprayersinpublicschools,butmanyAmericansclingtotheideathattheireducationalsys
TheU.S.SupremeCourthasforbiddenprayersinpublicschools,butmanyAmericansclingtotheideathattheireducationalsys
Somepeoplewerejustborntorebel;CharlesDarwinwasoneofthem.【21】______NicholasCopernicus,BenjaminFranklinandBillGa
SoftwarepiracyproblemsexistandhavebeenexacerbatedinrecentyearsduetoISoverload,decentralizedpurchasing,budgetc
Numberoflanguagesintheworld(approx)is______.
Somecitiesgrowverylargebecauseoftwoimportantreasons.First,theremaybeimportantnaturalresourceslikewood,gas,oi
In1990,thenumberofjobshavingnothingtodowithcomputersintheUniteStateswillbereducedto______.
Theauthorthinksontheproblemofcloning,Ms.Macklinistoo
ThedivorcerateinAmericahasreached______.
随机试题
患者口淡乏味,纳呆食少,食后脘腹胀满,嗳气不舒,多食则恶心,甚或呕吐。其病位在
根管充填时主牙胶尖的长度应该是
交通标线是主要的交通安全设施之一,其主要作用是管制和引导交通,下列设施中属于交通标线的是()。
在下列关于设备磨损的表述中,错误的是( )。
会计电算化使财务会计管理由事后管理向事中控制、事先预测转变。()
树枝:柴火
甲乙均有家庭,但是对各自的配偶都不满意,于是勾搭成奸。后乙(女)良心发现,不愿再继续通奸。但是甲纠缠不休,以破坏乙的名誉进行要挟,强行与乙发生性行为。甲的行为()
Thedigitalonslaughtofe-booksandAmazon-stylee-tailershaveputbookstoresinanexistentialdilemma.Digitalbooksaresai
设有二维数组A[1..12,1..10),其每个元素占4个字节,数据按列优先顺序存储,第一个元素的存储地址为100,那么元素A[5,5]的存储地址为
Whichisnotaformofgovernmentinterventioninthemicroeconomy?______.
最新回复
(
0
)