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" , ma
Many phrases used to describe monetary policy, such as " steering the economy to a soft landing "or "a touch on the brakes" , ma
admin
2016-11-17
39
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 1930s.
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.
How does the author feel about the present situation?
选项
A、Tolerant.
B、Indifferent.
C、Disappointed.
D、Surprised.
答案
D
解析
吃惊,因为形势比预测的要好。
转载请注明原文地址:https://kaotiyun.com/show/LyRd777K
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
Manyphrasesusedtodescribemonetarypolicy,suchas"steeringtheeconomytoasoftlanding"or"atouchonthebrakes",make
WhydosomanyAmericansdistrustwhattheyreadintheirnewspapers?TheAmericanSocietyofNewspaperEditorsistryingtoans
TheUnitedStateseconomymadeprogressinreducingunemploymentandmoderatinginflation.Ontheinternationalside,thisyear
TheUnitedStateseconomymadeprogressinreducingunemploymentandmoderatinginflation.Ontheinternationalside,thisyear
MichaelMannalsowarnsofadangerous,andultimatelyunsustainable,imperialturninU.S.foreignpolicy.This"newimperiali
WhydosomanyAmericansdistrustwhattheyreadintheirnewspapers?TheAmericanSocietyofNewspaperEditorsistryingtoan
WhydosomanyAmericansdistrustwhattheyreadintheirnewspapers?TheAmericanSocietyofNewspaperEditorsistryingtoan
61)Inafamilywheretherolesofmenandwomenarenotsharplyseparatedandwheremanyhouseholdtasksaresharedtoagreate
Themanandhisfamilyare______.
Themanandhisfamilyare______.
随机试题
A.燥邪伤津B.外感温热病初期C.里热炽盛,津液大伤D.阴虚证E.消渴病口干微渴,兼发热者,多属于
孙某在与朋友交谈时了解到县卫生局局长谢某曾经贪污公款3万余元,后孙某向公安局报案,县公安局告知该案不属于公安机关管辖,告知其应向县检察院举报。县检察院立案侦查后发现谢某没有贪污的行为,但是受贿数额巨大,可能被判处无期徒刑或者死刑,于是起诉至市中级人民法院。
建设工程施工阶段的工程进度控制工作的主要内容包括()。
在起重工程中,钢丝绳一般用作缆风绳、滑轮组跑绳和吊索,用作滑轮组跑绳的安全系数一般不小于()。
某施工单位承接了某市办公楼的消防设施安装工程,该工程主要包括室内外消火栓系统、自动喷水灭火系统、通风与防排烟系统及灭火器等消防设施。工程项目开工后,施工单位采购的消防设施、组件与材料陆续到达现场,现场项目部邀请监理单位、建设单位共同对消防设施进行验收。工程
按照投资基金能否收回,可以分为( )。
在Word文档中选定文本后,移动该文本的方法可以()。
下列不属于食物中毒症状的是()。
所谓“治理”,一个很重要的方面是“建设”,这是社会治安综合治理工程的一项积极措施。因此,应是()
TheAmericanFamilyIntheAmericanfamilythehusbandandwifeusuallyshareimportantdecisionmaking.Whenthechildrenareo
最新回复
(
0
)