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
Many phrases used to describe monetary policy, such as " steering the economy to a soft landing" or "a touch on the brakes", mak
Many phrases used to describe monetary policy, such as " steering the economy to a soft landing" or "a touch on the brakes", mak
admin
2016-06-25
57
问题
Many phrases 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 relation 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 rearview mirror and a faulty steering wheel.
Given all these disadvantages, central bankers seem to have had much to boast about. Average inflation in the big seven industrial economies fell to a mere 2.3% one year, close to its lowest level in 30 years, before rising slightly to 2. 5% the next 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 has 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.
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 few years, inflation has been continually lower than expected in Britain and America.
Economists have been particularly surprised by favourable inflation figures in Britain and the United States, since conventional measures suggest that both economies, and especially that of America, 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 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 the old economic models which were based upon the historical link between growth and inflation.
From the text we learn that______.
选项
A、there is a clear relationship between inflation and interest rates
B、the economy always follows particular trends
C、the current economic problems are entirely predictable
D、the present economic situation is better than expected
答案
D
解析
从文章可知:选项A:通货膨胀和银行存款利率之间关系明确。错误,文章说:The relation between interest rates and inflation is uncertain。选项B:经济总是跟随某种潮流。错误,文章没提到。选项C:当前的经济问题完全被预测到了。错误,当前的经济形式比预测的要好。选项D:目前的经济形式比预料的要好。
转载请注明原文地址:https://kaotiyun.com/show/uHRd777K
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
Twoofthemostvitalfunctionsperformedinanyeconomyare____________
Manysentencesusedtodescribemonetarypolicy,suchas"steeringtheeconomytoasoftlanding"or"atouchonthebrakes"
Thedemoralizingenvironment,decrepit(老朽的)buildingandminimalmaterialsmakethehighschoolexperienceforthesechildr
Thedemoralizingenvironment,decrepit(老朽的)buildingandminimalmaterialsmakethehighschoolexperienceforthesechildr
Accordingtothenewschoolofscientists,technologyisanoverlookedforceinexpandingthehorizonsofscientificknowledge.
Humansocietieshaveexperiencedsomanywars,buthaveyoueverthoughtaboutwhatawarreallyis?Warmaybeanaturalexpres
DAVOS,Switzerland—Ayearago,attheDavosWorldEconomicForum,Isawelephantsfly.Yes,sir,righthereintheSwissAlpsI
gotpromotion
gotpromotion
随机试题
某机场建设单位在办理工程质量监督手续时,向质量监督部门提交了建设工程批准文件及建设单位与设计、施工、监理等单位签订的合同副本。质量监督部门认为提交材料不全,要求补齐相关材料。在后续的施工过程中,监督站委托相关工程质量检测单位承担检测任务。工程质量检测单位在
国产天然气氨压缩浅冷装置氨压缩机正常停车后应立即()。
血红蛋白β链合成障碍可引起
加用氢化可的松后,去甲肾上腺素升压作用增强的这种现象是
男,19岁,患病一周,牙龈乳头坏死,前牙唇侧明显,坏死形成溃疡处凹陷,表面灰白色假膜,触之出血明显,口腔有腐性口臭。体温37.8℃,颏下淋巴结肿痛,既往未出现全身明显异常现象。在局部处理同时,选择全身最佳用药是
烧伤抗休克补液时,第一个24h输液量从何时计算()
工程勘察中的原位测试试验一般应包括()。
近年来,流行歌曲、小品等大受欢迎,交响乐、歌剧、民族戏曲则有些受冷落,各种文化艺术形式的发展出现了不平衡现象。一些有识之士呼吁“文化艺术领域也需要生态平衡”,因为()。①不同文化艺术形式共同发展,可以满足不同层次大众的需求②在文化艺术领域,经济效益
将考生文件夹下QIU\LONG文件夹中的文件WATER.FOX设置为只读属性。
•Lookatthestatementsbelowandatthefiveextractsfromanarticleaboutwhattheyshouldtrytolearnandhoweffectiveorg
最新回复
(
0
)