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 troubl
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in troubl
admin
2011-05-16
72
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.
We can learn from the fourth paragraph that_______.
选项
A、moderate inflation hurts growth
B、it is unnecessary to cut actual wages
C、the author opposes moderate inflation
D、the author opposes inflation fundamentalism
答案
D
解析
由第四段第四句“There is little if any empirical evidence that moderate inflation hurts growth.(几乎没有任何经验证据表明,温和的通胀会损害增长。)”可知选项A不正确。由第六句“But,to regain competitiveness and balance the books,real wage adjustments are sometimes inevitable.(然而有些时候,要重新获得竞争力并实现收支平衡,调整实际工资是势在必行的。)”可知,选项B不正确。由第四句可知,作者并不反对温和的通胀,所以选项C不正确。由第三句“But inflation fundamentalism can also hurt.(但是,通胀原教旨主义也可能带来危害。)”可知,作者反对通胀原教旨主义者的观点。所以,本题选择D。
转载请注明原文地址:https://kaotiyun.com/show/SWxd777K
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
ThechangingprofileofacityintheUnitedStatesisapparentintheshiftingdefinitionsusedbytheUnitedStatesBureauof
Duringtheearlyperiodoftheearth’shistory,theweatheronearthapparentlyfluctuatedbetweenbrightsunandshowers.Inr
Hawaii,theneweststateintheUnitedStates,isa【C1】______ofeightlargeislandsandmanysmall【C2】______intheCentral
Somepeopleliketosharearoomwithastranger,whileothersdislikeit.Writeanessaytoshowyouropinionaboutit.Youres
WhydidPresidentBushvetothepreviouswarspendingbill?
Directions:Thefollowingtablegivesstatisticsshowingtheaspectsofqualityoflifeinfivecountries.Writeareportfora
What’sthepossiblerelationshipofthetwospeakers?
RealpolicemenhardlyrecognizeanyresemblancebetweentheirlivesandwhattheyseeonTV.Thefirstdifferenceisthata
powerless根据嘉宾观点“Weexperimentonanimalsbecausetheyarepowerlesstostopus,”可知答案是powerless。
61)Howphysicallyattractivesomeoneisplaysaroleindeterminingyourideasaboutthedesirabilityofdevelopinganacquaint
随机试题
中华人民共和国公民有受教育的________。
域外送达
新生儿生理性黄疸的主要原因是
经营成功的企业投资一般是将多种产品分布在寿命周期的不同阶段进行组合。企业处于主导地位,具有高收益与成长性,应选择的投资策略是()。
在教育心理学看来,()不仅影响着教学内容的呈现方式和容量的大小,而且对教师和学生在教学过程中的作用、教学组织形式以及学习方法等都将产生深远的影响。
A、 B、 C、 D、 C题干及选项给出的图形组成元素大小、形状都相同,只是位置不同,首先锁定移动、旋转和翻转考点。解决此题的关键就是要找出图形构成元素间的转化方式。先从每行来找寻规律,看第一行图形发现:第一
书院制度,始于唐而盛于宋。根据所学知识,回答问题:北宋最著名的四大书院是()
WebServices中的角色包括:服务提供者、服务请求者和服务注册中心。Web服务(WebServices)定义了一种松散的、粗粒度的分布式计算模式。Web服务的提供者利用①描述Web服务,Web服务的使用者通过②来发现服务,两者之间的通信采用③协议
ThecentralsubjectofHawthorne’smajorworksis
Morethanfortythousandreaderstolduswhattheylookedforinclosefriendships,whattheyexpected【C1】______friends,whatt
最新回复
(
0
)