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
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in troubl
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in troubl
admin
2016-06-25
21
问题
The core of Greece’ s troubles is too much spending, too little tax-collecting and book-cooking. Spain and Ireland are in trouble even if the percentage of their public debt in gross domestic product is much smaller than that of Germany. Italy, also in the financial markets’ crosshairs, has high public debt but a lower deficit than the eurozone’ s average.
The root of these countries’ problems is that their prices and wages have risen much faster than those of other eurozone members.
There are two ways to mitigate the pain. First, to adopt temporarily more expansionary fiscal policies for a while. Or, more powerfully, the wider euro area could adopt more expansionary monetary policies for several years. As to the second option, the "inflation fundamentalists" will have none of it. This elite consisting of central bankers, top economic officials, politicians, academics and journalists insists that it is unacceptable to allow inflation to climb above two percent.
Hyper-inflation in Germany in the 1930s and stagflation in industrial countries in the 1970s and 1980s support their view. It’ s true that moderate inflation can creep up to become high inflation. But inflation fundamentalism can also hurt. There is little if any empirical evidence that moderate inflation hurts growth. In most countries, cutting actual wages is politically difficult if not impossible. But, to regain competitiveness and balance the books, real wage adjustments are sometimes inevitable. A slightly higher level of inflation allows for this painful adjustment with a lower level of political conflict.
On the other hand, ultra-low inflation, in a recession, can easily become deflation. Falling prices encourage people to defer spending, which makes things worse and erodes tax payments, impairing a government’ s ability to pay debt. That in turn increases the debt’ s size and costs.
In addition, a single-minded focus on inflation makes it easy for policymakers to lose sight of the broader picture-asset prices, growth and employment. Policy can become too tight or too loose—as in the run-up to the crisis in the U. S. when low inflation was seen as a comforting sign that things were in order.
In a recession, ultra-low inflation also reduces the effectiveness of monetary policy since interest rates cannot go below zero. The crisis in the euro area highlights the need for a more open-minded discussion of the merits and costs of ultra-low inflation.
Which of the following inflation might be accepted by the author?
选项
A、2%.
B、1%.
C、4%.
D、8%.
答案
C
解析
由第四段可知,作者的观点和通胀原教旨主义者的观点相冲突,通胀原教旨主义者认为,通胀超过2%就是不能接受的,所以,选项A和B是通胀原教旨主义者的观点。由第四段最后一句话“A slightly higher level of inflation allows for this painfuladjustment with a lower level of political conflict.(通胀水平略有上升,有助于减轻这一痛苦调整所带来的政治冲突。)”可知,作者认同温和的通胀。8%太高了,作者可能不会接受。所以,本题选择C。
转载请注明原文地址:https://kaotiyun.com/show/rTRd777K
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
Cyberspace,datasuperhighway,multi-media-forthosewhohaveseenthefuture,thelinkingofcomputerstelevisionandtelephone
Cyberspace,datasuperhighway,multi-media-forthosewhohaveseenthefuture,thelinkingofcomputerstelevisionandtelephone
Withinminutesafterthelittlemonkeyisputintoasmallsteelcage,thefrightinitslittlebrowneyessoftensinto______.
Everybusinesshastroublesoonerorlater,anditisthechiefexecutiveofficer’sresponsibilitytosetthingsright.Goodexe
Everybusinesshastroublesoonerorlater,anditisthechiefexecutiveofficer’sresponsibilitytosetthingsright.Goodexe
Everybusinesshastroublesoonerorlater,anditisthechiefexecutiveofficer’sresponsibilitytosetthingsright.Goodexe
随机试题
先秦历史散文中,擅长描写战争的是()
下列属于类风湿关节炎活动期表现的是
A.中心性发绀B.周围性发绀C.混合性发绀D.血管性晕厥E.阿-斯综合征缩窄性心包炎患者肺泡毛细血管血液中的氧气在组织中过多消耗引起
A.毛细血管脆性试验B.出血时间C.血小板计数D.血块收缩时间E.凝血时间测定反映血管壁和血小板在止血和血栓形成中的作用的实验是
手正位摄影的中心线应对准
有关输卵管妊娠,下列说法正确的是
甲想要购买淫秽光盘,但不知从何处可买,得知乙可以买到,便拜托乙帮忙,但遭乙拒绝。甲给乙连续做了三天三夜的思想工作,终于将乙说通。乙第四天早晨去批发了一些淫秽光盘卖给甲。关于本案的分析,下列选项正确的是:()
有史学家说:“真正意义的世界历史直到哥伦布、达伽马和麦哲伦进行远洋探险时才开始。”这一观念认为新航路的开辟()。
Don’tbeafraidofaskingyourteachersforhelp______itisneeded.
Halfacenturyago,mostpeoplelivedin【B1】______areas.However,accordingtothemostrecentestimate【B2】______bytheUnitedN
最新回复
(
0
)