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
Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York,
Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York,
admin
2022-12-09
58
问题
Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York, where I was stunned to pay $800 for a single shopping cart of groceries. Wealthy locals and vacation shoppers notice, but seem not to curb their spending. Everyone else is travelling an hour or more to get groceries outside the resort areas, ordering dry goods from Costco and growing their own produce.
This story is extreme, but by no means a one-off. To the extent that the wealthy in the US are not yet cutting back on spending, they may be an important and under-explored factor driving the inflation felt by all.
The top two-fifths of income distribution in the US accounts for 60 per cent of consumer spending, while the bottom two-fifths accounts for a mere 22 per cent, according to 2020 BLS statistics.
Amazon’s Jeff Bezos can build a half-billion-dollar yacht, and it doesn’t change life for anyone but him. But when the top quintile of Americans as a whole enjoy 80 per cent of the wealth effect from rising stock and home values, I suspect it starts to have a real impact on inflation, and on the overall structure of our economy, which over the course of the past 30 years of real falling interest rates has become highly financialised.
The US housing market is the best example of the economic and social downsides of extremely financialized growth. Historically, high home prices—which are in part a result of more cash buyers and investors in the market, as well as zoning restrictions and financing trends that favor the rich—mean more people are renting. Rents today are across most of the country.
The people who tend to rent are those least likely to be able to pay the higher prices. According to 2021 Pew Data, 60 per cent of renters are in the lower quartile of American income. Meanwhile, the Biden White House is doing what it can to buffer inflationary pain for working people. It has been releasing strategic petroleum reserves in a partly successful effort to lower prices at the pump, extending pandemic-era caps on some student loan payments and pushing for antitrust action in areas where corporate concentration may be responsible for some inflationary pressure.
But more changes are needed. The success of corporate lobbyists in overturning efforts to roll back carried interest loopholes are shameful. Student debt forgiveness—no matter how generous it is—will not change the fact that the cost of four years of private university in the US is nearly double the median family income. Housing markets continue to cry out for major reform.
It can be inferred that the US Administration should________.
选项
A、make a difference to inflation and housing markets
B、crack down on criminal acts of corporate lobbyists
C、continue to implement student debt forgiveness
D、change the educational system of private university
答案
A
解析
推断题。根据题干可定位至第七段。A项对应第一句But more changes are needed(但还需要更多的改变)和最后一句Housing markets continue to cry out for major reform(住房市场仍急需重大改革),该项属于解释转述,故正确。B项与第二句The success of corporate lobbyists in overturning efforts to roll back carried interest loopholes are shameful(企业说客成功地推翻了堵住附带收益漏洞的努力,这是可耻的)相悖,该项属于过度推断,故排除。C项与第三句前半句Student debt forgiveness—no matter how generous it is (学生债务减免——无论多么慷慨)相悖,减免也无济于事,该项属于是非混淆,故排除。D项与第三句后半句will not change the fact that the cost of four years of private university in the US is nearly double the median family income (都不会改变这样一个事实:美国私立大学四年的花费几乎是家庭收入中位数的两倍)相悖,该项属于过度推断,故排除。
转载请注明原文地址:https://kaotiyun.com/show/iQMD777K
0
考研英语二
相关试题推荐
[A]Workforyourdream[B]Apennysavedisapennyearned[C]Don’tcompareyourselftoothers[D]Betruetoyou
Writeanessaybasedonthechartbelow.Inyourwriting,youshould1)interpretthechart,and2)giveyourcomments.Youshou
Americahaslongbeenresistanttoadequatepovertypoliciesbecauseofitsstrongstrainofthinkingthatthepoorareresponsi
Everyonewantstobeauthentic.Youwanttobetruetoyourself,notaslavishfollowerofsocialexpectations.Youwantto"liv
Leadingdoctorstodayweighinonthedebateoverthegovernment’sroleinpromotingpublichealthbydemandingthatministersi
EnrollmentinLosAngelespublicschoolsisexpectedtoplungebynearly30%overthenextdecade,leadingtotoughchoicesahea
Inflationisn’tnew,butpricerisescanstillshock.IrecentlyholidayedintheHamptons,atonybeachareaoutsideNewYork,
Inthenewsprintmarket,priceshaverisenbyover50%inamatterofmonths.Thecostofpaperthatfeedsintopressesaroundt
Thestudyofliteratureallowsustoglimpseuniversaltruthsaswellasencounterthediversityofhumanexperienceinallits
随机试题
延伸率和断面收缩率其数值越大则________越好。
A.D=IgI0/IB.K=D1-D2C.K=rIgKzD.S=H/KE.R=1/2d光学对比度与照片清晰度的关系是
运算放大器应用电路如图7-101所示,在运算放大器线性工作区,输出电压与输入电压之间的运算关系是()。
依据《安全生产许可证条例》的规定,国务院安全生产监督管理部门负责中央管理的()安全生产许可证的颁发和管理。
根据《发票管理办法》及其实施细则的规定,纳税人已开具的发票存根联和发票登记簿的保存期限是()。
简述幼儿教师的专业素养结构。
时至隆冬,某市连降两场大雪,某路口连续发生多起交通事故,民警在调查情况时发现,这是一个急转弯,加上四周高楼林立,光线不强,导致积雪和结冰。民警采取的下列措施,有利于减少交通事故的是()。
手机成为现实生活中的“第三者”,横亘在人与人之间的小小手机,却隔出了心理上最遥远的距离。沉迷于手机世界的“低头族”是该抬起头来,望望被他们遗忘的生活、学习,想想被他们忽视的亲朋好友了。在任何时代,人都应该是技术的主人,而不应该沦为技术的奴隶。,毕竟,每个人
下列程序的执行结果是()。PrivateSubForm_Activate()Dimscore(3)AsInteger,totalAsIntegerDimaa_scoreAsVariant
TowardstheendofJune,auniquejointexpeditionbeganinthewatersnearIndonesia.Inanareaofremarkablemarinediversity
最新回复
(
0
)