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
Much of the language used to describe monetary policy, such as "steering the economy to a soft landing" or "a touch on the brake
Much of the language used to describe monetary policy, such as "steering the economy to a soft landing" or "a touch on the brake
admin
2010-07-14
54
问题
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 it 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. Hence the analogy that likens the conduct of monetary policy to driving a car with a blackened windscreen, a cracked rear view 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 predicated. In late 1994 the pane] 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. 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.
Economists have been particularly surprised by favorable inflation figures in Britain and the United States, since conventional measures suggest that both economies, and especially America’s, have little productive slack. America’s capacity utilization, 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 in the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective. Some economists argue that powerful structural changes in the world have up-ended(颠倒) the old economic models that were based upon the historical link between growth and inflation.
The word "thrilling" (second sentence, last paragraph) probably means ______.
选项
A、frightening
B、terrifying
C、exciting
D、disappointing
答案
C
解析
词汇题。根据最后——段前两句,不幸的是,即使是最令人兴奋的解释也是有缺陷的。 thrilling在此应为令人兴奋之意。
转载请注明原文地址:https://kaotiyun.com/show/nG7K777K
0
大学英语六级
相关试题推荐
Theoldideathattalentedchildren"burnthemselvesout"intheearlyyears,and,therefore,aresubjectedtofailureandatwo
A、Atanewspaper.B、Atanadvertisingagency.C、Atafurniturestore.D、Atarealestateoffice.A从四个选项得知所问问题是关于地点的,既然是关于刊登广告的,到
A、Cowardly.B、Curious.C、Lazy.D、Courageous.D男士问女士在半夜听到奇怪的声音会怎么办,女士说首先听听这个声音会不会再次出现,如果会,就起床看看究竟发生了什么事。这说明该女士很勇敢,四个选项分别是cowardly
Ifsustainablecompetitiveadvantagedependsonwork-forceskills,Americanfirmshaveaproblem.Human-resourcemanagementisn
A、IntheQingDynasty.B、Inthe19thCentury.C、IntheSongDynasty.D、Inthe16thCentury.C本题问“这些收藏是何时建立的”。文中提到"butthecollect
A、18Americanundergraduates.B、18overseasundergraduates,C、18Americanpostgraduates.D、18overseaspostgraduates.D
A、Hedoesn’tbelieveinmarriage.B、Thegirlheloveddied.C、Helovesfootballmorethananythingelse.D、Hecannotgetoverth
A、Itemphasizestheimportanceofthecommunicationtolanguagelearning,B、Itdoesnotfeaturegrammaticalexplanationsandtra
A、Itisnoisy.B、Itcannotflyasfastasmostplanes.C、Ithasasmallrotoronitstail.D、Itissmall.B事实细节题文中提到直升飞机的主要缺点是它
Whenyoustarttalkingaboutgoodandhadmannersyouimmediatelystartmeetingdifficulties.Manypeoplejustcannotagreewhat
随机试题
在国际市场营销的演进过程中,_______是出口营销阶段的两个关键因素。()
A.下腔静脉系B.头臂静脉C.上腔静脉D.锁骨下静脉E.颈内静脉收集下半身静脉血的静脉是【】
关于神经鞘瘤的描述错误的是
ABC是一家以生产干巾和纸巾而发展起来的企业,经过20多年的发展,该企业已经在家庭生活用纸方面(包括纸尿裤),成为国内该行业的老大,年销售额达百亿人民币。虽然该行业是高度竞争的行业,但该企业凭借着“传统渠道”优势——即全国有35万家终端销售点(如小卖部),
某市公安局在其官方微信平台上推出“滴滴报警”功能,市民通过微信报警后,周边警力就能像网约车司机一样“抢单”接警,出警完成后,市民还可实时评价。对此,请谈谈你的看法。
在我国,公安工作是由人民警察以()名义按国家法律赋予的职权进行社会行政管理,执行国家意志,维护工人阶级和广大人民群众利益的活动。
二次型f(x1,x2,x3)=-4x1x2+2x2x3的标准形可以是()
Whenworkersbecomemoreefficient,it’snormallyagoodthing.Butlately,ithasactedasapowerfulbrakeonjobcreation.An
WhatisSallydoingnow?
Itisdoubtfulwhetheranyonecanbeatruly______observerofevents.(2003年清华大学考博试题)
最新回复
(
0
)