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 core of Greece’s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in trouble
The core of Greece’s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in trouble
admin
2018-04-19
23
问题
The core of Greece’s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in trouble even if the percentage of their public debt in gross domestic product is much smaller than that of Germany. Italy, also in the financial markets’ crosshairs, has high public debt but a lower deficit than the eurozone’s average.
The root of these countries’ problems is that their prices and wages have risen much faster than those of other eurozone members.
There are two ways to mitigate the pain. First, to adopt temporarily more expansionary fiscal policies for a while. Or, more powerfully, the wider euro area could adopt more expansionary monetary policies for several years. As to the second option, the "inflation fundamentalists" will have none of it. This elite consisting of central bankers, top economic officials, politicians, academics and journalists insists that it is unacceptable to allow inflation to climb above two percent.
Hyper-inflation in Germany in the 1930s and stagflation in industrial countries in the 1970s and 1980s support their view. It’s true that moderate inflation can creep up to become high inflation. But inflation fundamentalism can also hurt. There is little if any empirical evidence that moderate inflation hurts growth. In most countries, cutting actual wages is politically difficult if not impossible. But, to regain competitiveness and balance the books, real wage adjustments are sometimes inevitable. A slightly higher level of inflation allows for this painful adjustment with a lower level of political conflict.
On the other hand, ultra-low inflation, in a recession, can easily become deflation. Falling prices encourage people to defer spending, which makes things worse and erodes tax payments, impairing a government’s ability to pay debt. That in turn increases the debt’s size and costs.
In addition, a single-minded focus on inflation makes it easy for policymakers to lose sight of the broader picture-asset prices, growth and employment. Policy can become too tight or too loose—as in the run-up to the crisis in the U. S. when low inflation was seen as a comforting sign that things were in order.
In a recession, ultra-low inflation also reduces the effectiveness of monetary policy since interest rates cannot go below zero. The crisis in the euro area highlights the need for a more open-minded discussion of the merits and costs of ultra-low inflation.
Which of the following inflation might be accepted by the author?
选项
A、2%.
B、1%.
C、4%.
D、8%.
答案
C
解析
由第四段可知,作者的观点和通胀原教旨主义者的观点相冲突,通胀原教旨主义者认为,通胀超过2%就是不能接受的,所以,选项A和B是通胀原教旨主义者的观点。由第四段最后一句话“A slightly higher level of inflation allows for this painful adjustment with a lower level of political conflict.(通胀水平略有上升,有助于减轻这一痛苦调整所带来的政治冲突。)”可知,作者认同温和的通胀。8%太高了,作者可能不会接受。所以,本题选择C。
转载请注明原文地址:https://kaotiyun.com/show/McRd777K
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
Humanbeingsareanimals.Webreathe,eatanddigest,andreproducethesamelife【21】______commontoallanimals.Inabio
Whatdoeseachvanitystampcost?
When18-year-oldJonAnglesethissightsona$5,000motorcyclelastmonth,hewasdeterminednottoletalittlethinglikela
OrganizersoftheAthensOlympicGames,slatedtokickoffinalittleoverfiveweeks,areracingagainsttheclocktocomplete
Whyarewefarfromsatisfiedwithourbasicneeds?
Oftenreferredtoas"theheartofafactoringorganization",thecreditdepartmentisresponsibleforgrantingcredittoclie
Oftenreferredtoas"theheartofafactoringorganization",thecreditdepartmentisresponsibleforgrantingcredittoclien
Whatcropsdoesthefarmergrow?
随机试题
大豆中含有较多的________。
B受体阻断药治疗心力衰竭药物的主要作用原理是
下列关于支气管扩张的典型病理表现正确的有
投标文件中经济部分包括()等内容。
初步设计完成后,投资方案的要点就确定了,根据批准的初步设计,建设单位即可着手进行投资准备工作。投资准备的主要工作内容包括()等。
基金市场营销的内容主要包括()。
复效优于重新投保的原因有()。
集体合同中双方约定的劳动报酬和劳动条件等标准可以低于当地人民政府规定的最低标准。()
某居民小区位于本市郊区外环线边缘,小区内有住户1840户,长住居民5300多人,基本上是由二十世纪五六十年代支边支农回城的人员、动迁人员和外地人住人员组成。小区人员有三大特点:一是无业和生活困难的居民多;二是六十岁以上的老人多;三是外来人员多。小区接到上级
运算结果是字符串“home”的表达式是( )。
最新回复
(
0
)