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
•Read the article below about macroeconomic policies. •Choose the best sentence from the opposite page to fill each of the gaps.
•Read the article below about macroeconomic policies. •Choose the best sentence from the opposite page to fill each of the gaps.
admin
2010-01-22
51
问题
•Read the article below about macroeconomic policies.
•Choose the best sentence from the opposite page to fill each of the gaps.
•For each gap 8--12, mark one letter (A--G) on your Answer Sheet.
•Do not use any letter more than once.
MACROECONOMIC POLICIES
For most countries, the following four principal objectives of economic policy would apply: (1) Maintenance of employment at a high level. (2) Stable prices. (3) Economic growth. (4) Balance of payments equilibrium. These objectives are sometimes extremely difficult to achieve. A high level of employment, for example, tended to push wages and hence prices up. It also created an imbalance between exports and imports. Furthermore the competition among firms for labor tended to reduce labor productivity since workers were not always fully employed.
Government will differ in the emphasis they place on each of the above objectives. (8) . At times when inflation was high, great stress was placed on bringing it down, but this had severe effects on jobs and on economic growth. The pursuit of an expansionary policy very often resulted in an increase in GDP and a fall in the level of unemployment; but was accompanied by a marked rise in the rate of inflation and a serious balance of payments deficit.
In carrying out its economic policy, the government uses two principal means--fiscal policy and monetary policy. (9) Monetary policy is broadly neutral in its effects whilst fiscal and other measures can be used more discriminately--the redistribution of incomes and lower rates of corporation tax for small businesses are two examples.
Government regulation of the money supply is important for economic stability. Banks will wish to keep excess reserves when they do not foresee profitable and secure opportunities to make loans. This is likely to happen during the downswing and around the bottom of a business contraction. (10)
During a recession, profit-oriented banks tend to reduce the money supply by increasing their excessive reserves if the central banks did not intervene. (11) .
On the other hand, banks will want to squeeze possible money supply out of any given amount of cash reserves by keeping their reserves at the bare minimum when the demand for bank loans is buoyant, profits are high, and many investments suddenly start to look profitable. (12) The authorities must intervene to prevent this. The monetary authorities can exercise monetary control in two ways: either they can attempt to control interest (i. e. the price of money) or they can endeavor to control the money supply.
A Fiscal policy is concerned with taxation, subsidies and government spending; monetary policy, in contrast, is concerned with interest rates, the money supply and bank lending.
B As the money supply is an important influence on aggregate demand such a contraction of money supply would exacerbate the severity of the recession.
C This reduced incentive to hold excess reserves in prosperous times means that during an economic boom, the behavior of profit-oriented banks is likely to make the money supply expand, adding undesirable momentum to the booming economy and paving the way for a burst of inflation.
D These objectives are sometimes extremely difficult to achieve.
E When this occurs, the prosperity of banks to hold excess reserves will turn the money creation process into one of the money destruction.
F For many years the main emphasis was on employment and balance of payments, but this adversely affected the pursuit of stable prices and economic growth.
G When adopting monetary policy, the central bank usually takes action to change the equilibrium of the money market, that is, to alter the money supply, move the interest rate, or do both.
选项
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/pisO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
ReadthearticlebelowaboutJapan’slostgeneration.Foreachquestion31-40writeonewordinthespaceonyourAnswerSheet.
ReadthearticlebelowaboutJapan’slostgeneration.Foreachquestion31-40writeonewordinthespaceonyourAnswerSheet.
•Lookatthestatementsbelowandthearticledividedintofiveextractsaboutsettingcustomerexpectationsontheoppositepag
•Lookatthestatementsbelowandthearticledividedintofiveextractsaboutsettingcustomerexpectationsontheoppositepag
•ReadthearticlebelowaboutMOO.•ChoosethecorrectwordtofilleachgapfrOmA,B,CorD.•Foreachquestion(21-30),
Readthetextbelowabouttelevisionnetwork.Inmostofthelines(41-52)thereisoneextraword.Itiseithergrammaticallyi
•ReadthearticlebelowaboutTheImport-ExportBalance.•Foreachquestion31—40,writeonewordinCAPITALLETTERSonyourAns
•Readthistextaboutinformation-orientedsociety.•Choosethebestsentencefromtheoppositepagetofilleachofthegaps.•
•ReadthearticlebelowaboutCoca-colaanditsadvertising.•Foreachquestion31--40,writeonewordinCAPITALLETTERSonyou
A.MetrisCompanies,Inc.MetrisCompanies,Inc.(MCI)providesfinancialproductsandservicesthroughouttheUnitedStates.It
随机试题
“举一反三”和“触类旁通”所说的是()
传播流行性乙型脑炎的是传播流行性斑疹伤寒的是
腹胀乏力体倦大便溏薄多为纳呆大便溏泄不爽苔黄腻多为
右小腿急性蜂窝织炎患者,经抗炎、患肢抬高及湿敷治疗后,炎症继续向上蔓延并波及整个下肢。WBC25×109/L,中性粒细胞百分比90%,体温39.5℃,脉搏120次/分。最佳治疗措施是
胎位不正的阐述正确的为
某地基土层剖面如图8一11所示。其中,中砂的地下水位以上的密度ρ为1.9g/cm3,地下水位以下的饱和密度ρsat为2.0g/cm3;软黏土的饱和密度ρsat也为2.0g/cm3。地下水位由地面下4m处下降到距地面20m的软黏土层顶面,因此引起软黏土层的压
具有劳务用工主体资格的是()。
某服装加工厂,室内消防采用临时高压消防给水系统联合供水,稳压泵稳压,系统设计流量57L/s,室外供水干管采用DN200球墨铸铁管,埋地敷设,长度为2000m。消防检测机构现场检测结果为:室外管网漏水率为2.40L/(min.km),室内管网部分漏水量为0.
公有制经济的主体地位主要体现在()。
“吴中第一名胜”是指()。
最新回复
(
0
)