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
•Read the article below about macroeconomic policies. •Choose the best sentence from the opposite page to fill each of the gaps.
•Read the article below about macroeconomic policies. •Choose the best sentence from the opposite page to fill each of the gaps.
admin
2010-01-22
56
问题
•Read the article below about macroeconomic policies.
•Choose the best sentence from the opposite page to fill each of the gaps.
•For each gap 8--12, mark one letter (A--G) on your Answer Sheet.
•Do not use any letter more than once.
MACROECONOMIC POLICIES
For most countries, the following four principal objectives of economic policy would apply: (1) Maintenance of employment at a high level. (2) Stable prices. (3) Economic growth. (4) Balance of payments equilibrium. These objectives are sometimes extremely difficult to achieve. A high level of employment, for example, tended to push wages and hence prices up. It also created an imbalance between exports and imports. Furthermore the competition among firms for labor tended to reduce labor productivity since workers were not always fully employed.
Government will differ in the emphasis they place on each of the above objectives. (8) . At times when inflation was high, great stress was placed on bringing it down, but this had severe effects on jobs and on economic growth. The pursuit of an expansionary policy very often resulted in an increase in GDP and a fall in the level of unemployment; but was accompanied by a marked rise in the rate of inflation and a serious balance of payments deficit.
In carrying out its economic policy, the government uses two principal means--fiscal policy and monetary policy. (9) Monetary policy is broadly neutral in its effects whilst fiscal and other measures can be used more discriminately--the redistribution of incomes and lower rates of corporation tax for small businesses are two examples.
Government regulation of the money supply is important for economic stability. Banks will wish to keep excess reserves when they do not foresee profitable and secure opportunities to make loans. This is likely to happen during the downswing and around the bottom of a business contraction. (10)
During a recession, profit-oriented banks tend to reduce the money supply by increasing their excessive reserves if the central banks did not intervene. (11) .
On the other hand, banks will want to squeeze possible money supply out of any given amount of cash reserves by keeping their reserves at the bare minimum when the demand for bank loans is buoyant, profits are high, and many investments suddenly start to look profitable. (12) The authorities must intervene to prevent this. The monetary authorities can exercise monetary control in two ways: either they can attempt to control interest (i. e. the price of money) or they can endeavor to control the money supply.
A Fiscal policy is concerned with taxation, subsidies and government spending; monetary policy, in contrast, is concerned with interest rates, the money supply and bank lending.
B As the money supply is an important influence on aggregate demand such a contraction of money supply would exacerbate the severity of the recession.
C This reduced incentive to hold excess reserves in prosperous times means that during an economic boom, the behavior of profit-oriented banks is likely to make the money supply expand, adding undesirable momentum to the booming economy and paving the way for a burst of inflation.
D These objectives are sometimes extremely difficult to achieve.
E When this occurs, the prosperity of banks to hold excess reserves will turn the money creation process into one of the money destruction.
F For many years the main emphasis was on employment and balance of payments, but this adversely affected the pursuit of stable prices and economic growth.
G When adopting monetary policy, the central bank usually takes action to change the equilibrium of the money market, that is, to alter the money supply, move the interest rate, or do both.
选项
答案
A
解析
转载请注明原文地址:https://kaotiyun.com/show/OisO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
•ReadthearticlebelowaboutMOO.•ChoosethecorrectwordtofilleachgapfrOmA,B,CorD.•Foreachquestion(21-30),
•ReadthefollowingextractfromanarticleaboutOver-CapacityintheCarBusiness.•Foreachquestion15—20,markoneletter(
•Lookatthestatementsbelowandatthefiveextractsfromanarticleaboutbroadeningcorporateresponsibility.•Whichartic
Readthetextbelowabouttelevisionnetwork.Inmostofthelines(41-52)thereisoneextraword.Itiseithergrammaticallyi
•ReadthearticlebelowaboutTheImport-ExportBalance.•Foreachquestion31—40,writeonewordinCAPITALLETTERSonyourAns
•ReadthearticlebelowaboutTheImport-ExportBalance.•Foreachquestion31—40,writeonewordinCAPITALLETTERSonyourAns
•Readthetextbelowaboutworksharingandjobsharing.•Inmostofthelines41—52thereisoneextraword.Itiseithergramm
•Readthetextbelowaboutworksharingandjobsharing.•Inmostofthelines41—52thereisoneextraword.Itiseithergramm
•Readthistextaboutinformation-orientedsociety.•Choosethebestsentencefromtheoppositepagetofilleachofthegaps.•
•Readthistexttakenfromanarticleabouthowtheaccountantsinfluencethedecisions.•Choosethebestsentencetofilleach
随机试题
先天性子宫畸形常伴有的器官发育异常是
工程咨询服务对象中包含()。
材料供应商甲因施工企业乙拖欠货款,诉至人民法院。法院开庭审理后,在主审法官的主持下,乙向甲出具了还款计划。人民法院制作了调解书,则此欠款纠纷解决的方式是()。
检验检疫机构对《商检法》规定必须经商检机构检验的进出口商品以外的进出口商品,根据国家规定实施( )
如果相信市场无效,投资人将采取()投资策略。
下列各项中,可能表明被审计单位存在值得关注的内部控制缺陷的有()。
握手礼仪中伸手的顺序是上级在先,下级在后。()
测验项目对所测量的属性或品质的鉴别能力是()。
根据以下资料。回答以下问题。能够从上述资料中推出的是()。
情感营销就是把消费者的个人情感差异和需求作为企业品牌营销战略的中心,借助情感包装、情感促销、情感广告、情感口碑、情感设计等策略来实现企业的目标,它主要是和顾客、消费者之间的感情互动。根据上述定义,下列属于情感营销的是:
最新回复
(
0
)