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", make
Many phrases used to describe monetary policy, such as "steering the economy to a soft landing" or "a touch on the brakes", make
admin
2009-03-16
137
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% 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 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.
选项
A、is comparable to driving a car.
B、is similar to carrying out scientific work.
C、will not influence the economy immediately.
D、will have an immediate impact on the inflation rate.
答案
C
解析
文章第一段提到了:And there are long, variable lags before policy changes have any effect on the economy.政策对经济的影响有一个长期的间隔期。即政策的变化不会立刻影响经济。
转载请注明原文地址:https://kaotiyun.com/show/zVPd777K
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
Answerquestions71~80byreferringtothefollowinggames.Note:AnswereachquestionbychoosingA,B,CorD.Somechoices
Answerquestions71~80byreferringtothefollowinggames.Note:AnswereachquestionbychoosingA,B,CorD.Somechoices
Answerquestions71~80byreferringtothefollowinggames.Note:AnswereachquestionbychoosingA,B,CorD.Somechoices
Inthefollowingarticlesomeparagraphshavebeenremoved.ForQuestions66~70,choosethemostsuitableparagraphfromthelis
Whatdoesthelecturemainlyconcern?
Allinternationalchainschoolsteachmanydifferentlanguages.
TheissueofonlineprivacyintheInternetagefoundnewurgencyfollowingtheSept.11terroristattacks,sparkingdebateover
TheissueofonlineprivacyintheInternetagefoundnewurgencyfollowingtheSept.11terroristattacks,sparkingdebateover
"Themoregadgetsthereare,the【31】______thingsseemtoget."saidHonoreErvin,co-authorofTheEtiquetteGirls:ThingsYou
WhatwastheAmericaneconomicsystembasedonuntil1930?
随机试题
在行政执法监督中发现哪些问题,由行政执法监督机关予以撤销()。
洋地黄治疗心功能不全的机理,下列哪项不正确
质量为110kg的机器固定在刚度为2×106N/m的弹性基础上,当系统发生共振时,机器的工作频率为:
城镇体系规划的期限一般为()年。
在上小学的时候,我感到最不称心的事情是()。
某甲化工厂长期向临近的张华村的池塘排放工业废水,致使该村的井水无法饮用。于是张华村村委会向某县环保局提出申请,要求化工厂停止排放废水,并赔偿损失。某县环保局不予理睬,于是,张华村村委会又向市环保局申请复议。2004年3月16日,市环保局(住所地在该市某区)
2010年,研究人员在富含砷的沉淀物中发现了一种怪异的生物体,这种被命名为“GFAJ-1”的细菌可以在富砷少磷的实验环境中茁壮生存。研究人员称,这种细菌已经将砷元素取代磷元素的位置,改写了自己的DNA。由此有人认为生命法则已被推翻。然而,最近的研究否定了
设n阶(n≥3)矩阵,A=,若矩阵A的秩为n一1,则a必为()
Technologyisatwo-edgedsword.Rarelyisthisasclearasitisintherealmofhealthcare.Technologyallowsdoctorstotest
ThearticledealswiththeemploymentofthefutureintheUnitedStates.Businessservicesexperiencerapidgrowthasaresult
最新回复
(
0
)