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
77
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.
We can learn from the fourth paragraph that
选项
A、a substantial cut in annual revenue is called for.
B、defense and social welfare programs should undergo cuts.
C、we should leave intact programs for bettering people’s living.
D、we should exercise less control over monetary policy.
答案
A
解析
该题为细节题。根据第四段第四句“To be significant,the 1981 budget should be cut by at least 20 billion dollars from 616 billion President Carter proposed.”可以看出,为了显著改善通货膨胀情况,1981年卡特总统提议的6160亿的政府预算应该至少减少200亿,即应该大量减少税收来改善通货膨胀情况,故A项符合文意;根据第四段最后一句“It’s impossible if you save defense and all the programs indexed for changes in the cost of living.”可以看出,我们不可能通过减少国防投入和节省改善大众生活条件项目的资金来减少政府预算,故B项的表述错误;第四段没有关于如何改善人民生活的表述,故不选择C项;根据第四段第一句“You have to start with revenue and monetary restraint.”可以看出,为了控制通货膨胀,我们应该增强对税收及货币政策的限制,而D项的表述与文意相反,故不选择D项。
转载请注明原文地址:https://kaotiyun.com/show/X2xd777K
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
Somepeoplewerejustborntorebel;CharlesDarwinwasoneofthem.【21】______NicholasCopernicus,BenjaminFranklinandBillGa
WhatdowelearnabouttheuseofsolarenergyintheUSA?
SoftwarepiracyproblemsexistandhavebeenexacerbatedinrecentyearsduetoISoverload,decentralizedpurchasing,budgetc
Thedestructionofournaturalresourcesandcontaminationofourfoodsupplycontinuetooccur,largelybecauseoftheextreme
Thedestructionofournaturalresourcesandcontaminationofourfoodsupplycontinuetooccur,largelybecauseoftheextreme
Somecitiesgrowverylargebecauseoftwoimportantreasons.First,theremaybeimportantnaturalresourceslikewood,gas,oi
Theauthorthinksontheproblemofcloning,Ms.Macklinistoo
Theauthorthinksontheproblemofcloning,Ms.Macklinistoo
随机试题
论述如何全面增强党的执政本领。
3岁犬,精神沉郁、食欲减退,黏膜轻度发绀,听诊发现第二心音性质显著改变,其原因是
计算标准化死亡率的目的是
A、燥热内结,营阴被灼,络脉瘀阻,蕴毒而成B、肾阴亏损,肝失濡养,肝肾精血不足,无以上承C、阴虚燥热,肺失滋润D、阴虚热炽,炼液成痰,痰阻经络,蒙蔽心窍E、阴损及阳,脾肾衰败消渴病并发白内障的机制是
某内浮顶油罐设置固定式中倍数泡沫灭火系统时,则该系统的保护面积应按()确定。
海关行政处罚的种类包括()。
某企业进行人力资源需求与供给预测。经过调查研究与分析,确认本企业的销售额(单位:万元)和所需销售人员(单位:人)成正相关关系,并根据过去10年的统计资料建立了一元线性回归预测模型Y=a+bX,其中,X代表销售额,Y代表销售人员数,回归系数a=22,b=0.
在中国社会结构剧烈变化、利益高度分化的今天,不可否认,出现了各式各样的反差,甚至是“茅屋旁边忽然耸立起一座宫殿”式的强烈反差。在现阶段,一些负面情绪的滋生难以避免,比如焦躁疑惧、迷茫失落、愤青思维、拜金主义等。这些心态问题不能归咎为公众的“不宽容”、“不理
在民航网络订票系统中,作为临界资源的对象是()。
假定用下面的语句打开文件:Open”File1.txt”ForInputAs#1则不能正确读文件的语句是
最新回复
(
0
)