首页
登录
职称英语
Much of the language used to describe monetary policy, such as "steering the
Much of the language used to describe monetary policy, such as "steering the
游客
2023-09-10
13
管理
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.
Given all these disadvantages, central bankers seem to have had much to boast of about 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 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 below the rate predicted at the end of the 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, esp. America’s, have little productive slack. America’s capacity utilization, for example, hit historically high levels earlier this year, and its jobless rate has fallen below most
Why has inflation proved so wild7 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 that were based upon the historical link between growth and inflation. [br] How does the author feel about the present situation?
选项
A、Tolerant.
B、Indifferent.
C、Disappointed.
D、Surprised.
答案
D
解析
写作态度题。最后一段,作者首先提到经济学家们感到surprised,随即作者便问“Why has inflation proved so wild?”笔者最后惊呼“powerful structural changes in the world have up-ended the old economic models that were based upon the historical link between growth and inflation”,突然发现已经不能根据经济增长和经济通胀之间传统的联系来预测经济发展规律了,因而正确答案为D项。
转载请注明原文地址:https://tihaiku.com/zcyy/3002720.html
相关试题推荐
ManydescribeFreudasthemostinfluentialpsychologistofalltime.Yetno
ManydescribeFreudasthemostinfluentialpsychologistofalltime.Yetno
ManydescribeFreudasthemostinfluentialpsychologistofalltime.Yetno
ManydescribeFreudasthemostinfluentialpsychologistofalltime.Yetno
ManydescribeFreudasthemostinfluentialpsychologistofalltime.Yetno
ManydescribeFreudasthemostinfluentialpsychologistofalltime.Yetno
[originaltext]Arecentfilm,TheGodsMustBeCrazy,describedthesocialc
[originaltext]Arecentfilm,TheGodsMustBeCrazy,describedthesocialc
ProgrammingLanguagesProgrammingl
ProgrammingLanguagesProgrammingl
随机试题
TheAlzheimer’sAssociationandtheNationalAllianceforCaregivingestimat
[originaltext]W:Hi,Rob,youknowthatclassyoumissedyesterday?M:Yes,but
Forthispart,youareallowed30minutestowriteanewsreporttotheSchoolN
主管人员配备的根据是职务的要求。()
所示结构在荷载P作用下(自重不计),正确的弯矩图为( )。
下列生物中,没有细胞结构的是( )。A.草履虫 B.酵母菌 C.病毒 D
患者,女性,58岁,高血压病史10年。近两个月工作压力大。2h前会议中情绪激动,
A.肛内指诊检查 B.探针检查 C.肛门镜检查 D.乙状结肠镜检查 E.
不属于雌激素适应证的是A.前列腺癌B.青春期痤疮C.功能性子宫出血D.绝经后乳腺
赠与行为是A.单方法律行为 B.双方法律行为 C.单务法律行为 D.双务法
最新回复
(
0
)