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
考研
【F1】Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brak
【F1】Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brak
admin
2014-10-27
46
问题
【F1】
Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brakes, makes itself sound like a precise science.
Nothing could be further from the truth. The link between interest rates and inflation is uncertain. And there are long, variable lags before policy changes have any effect on the economy.【F2】
Hence there is an 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 of late. Average inflation in the big seven industrial economies fell to a mere 2.3% last year, close to its lowest level in 30 years, before rising slightly to 2.5% this July. This is a long way below the double-digit rates which many countries experienced in the 1970s and early 1980s.
It is also less than most forecasters had 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.【F3】
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 couple of years, inflation has been consistently lower than expected in Britain and America.
【F4】
Economists have been particularly surprised by favourable inflation figures in Britain and the linked States, since conventional measures suggest that both economies, and especially America’s, 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 on the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective.【F5】
Some economists argue that powerful structural changes in the world have upended the old economic models that were based upon the historical link between growth and inflation.
【F3】
选项
答案
去年年底,英国和日本的通货膨胀率实际上比预测的要低半个百分点。这不是昙花一现,在过去几年里,英国和美国的通货膨胀率始终低干预测水平。
解析
转载请注明原文地址:https://kaotiyun.com/show/eyK4777K
0
考研英语一
相关试题推荐
Studythefollowingdrawingcarefullyandwriteanessayinwhichyoushould:1.describethedrawing,2.interpretitsmeaning,
In19th-centuryEngland,craftsmendonnedmasksandriotedloforcethedestructionoftextilemachinesthatwerestealingtheir
Musiccomesinmanyforms;mostcountrieshaveastyleoftheirown.【C1】______theturnofthecenturywhenjazz(爵士乐)wasborn,
Musiccomesinmanyforms;mostcountrieshaveastyleoftheirown.【C1】______theturnofthecenturywhenjazz(爵士乐)wasborn,
Consumersandproducersobviouslymakedecisionsthatmoldtheeconomy,butthereisathirdmajor【C1】______toconsidertherole
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
Untilthetwentiethcentury(1900s),themajorityoftheblackpopulationlivedinthesouthernpartoftheUnitedStates.Then
随机试题
2017年1—2月,全国规模以上工业企业实现利润总额10156.8亿元,同比增长31.5%。1-2月,规模以上工业企业中国有控股企业实现利润总额2336.3亿元,同比增长1倍;集体企业实现利润总额68.5亿元,增长9.6%;股份制企业实现利润总额6976
下列文章中,通篇以寓言形式说理的是
A.β受体阻滞剂B.钙拮抗剂C.硝酸酯类D.多巴胺E.ACEI急性心肌梗死时预防猝死
下列哪些是机械通气的禁忌证
(),是指由于债权人一方的原因,而使债务人不能依据合同的约定向其交付标的物的,法律规定,债务人有权将该标的物交给有关机构保存,从而完成履行债务,并终止合同关系的法律制度。
从事导游工作必须接受旅行社委派,私自招揽团队进行导游活动属于非法()
2008年1—5月美洲来华旅游人群中,男女比例最大的是:
《学记》中“道而弗牵,强而弗抑,开而弗达”的教学思想,体现的教学原则是()
仓库存有水泥和沙子,已知水泥比沙子多3500千克,水泥的质量比沙子的3倍多500千克,则水泥有多少千克?()
局域网中访问冲突的根源是()。
最新回复
(
0
)