首页
登录
职称英语
Before discussing the effect of deflation and inflation on the distribution
Before discussing the effect of deflation and inflation on the distribution
游客
2023-11-17
28
管理
问题
Before discussing the effect of deflation and inflation on the distribution of income, it will be useful to【C1】______ these terms. By inflation we mean a time of generally rising prices of goods and 【C2】______of production, such as wages and rents. By deflation we mean a time 【C3】______ most prices and costs are falling. Neither in inflation nor in deflation【C4】______ prices all move in the same direction or in exactly the same【C5】______.
【C6】______ inflation favors debtors and profit receivers at the【C7】______of creditors and fixed income receivers. 【C8】______, for example, you lend $1,000 today and are paid back one year from now. If in the【C9】_____ prices have doubled, then your debtor will be paying back only one half【C10】______much real purchasing power as you gave him.
On the other hand, one who invests in real estate, in common stocks, or in commodities makes a great【C11】______ during times of unforeseen inflation, when the【C12】______of business sales increases greatly, as do prices, between the time that business persons buy and sell their 【C13】______. Fixed or overhead costs remain the same; other costs rise, 【C14】______ not so rapidly as prices. For all these reasons, profits【C15】______— often faster than the cost of living.
In times of deflation, the situation is 【C16】______. Creditors and fixed income receivers【C17】______ to gain at the expense of debtors and profit receivers. If prices【C18】______between the time that a creditor lends money and is repaid, then he gets back more purchasing power than he lent. Between the time that a merchant buys and sells goods, he will have to take a(n)【C19】______. The school teacher whose pay is not cut, however, finds that his real income has increased.【C20】______, a hoarder finds the real value of her wealth increasing every day as prices fall. [br] 【C3】
选项
A、which
B、that
C、if
D、when
答案
D
解析
语法题。原句中“most prices and costs are falling”是a time的定语从句,所以答案是[D]when.
转载请注明原文地址:https://tihaiku.com/zcyy/3195425.html
相关试题推荐
Accordingtothenews,howmanypilotwhaleseventuallydiedbeforetheywerere
Accordingtothenews,howmanypilotwhaleseventuallydiedbeforetheywerere
Therewillbegreatdemandonyoureffortsbeforeyoureachthe______ofthera
Untilwhattimewillthetornadowatchbeineffect?[br][originaltext]W
Untilwhattimewillthetornadowatchbeineffect?[originaltext]Weinte
Beforereturningtohisoffice,Joehasto______.[br][originaltext]M:Ihave
Beforereturningtohisoffice,Joehasto______.[originaltext]M:Ihavetoch
ThespaceshuttleDiscoverycompleteditsmissionforabout______daysbeforei
Theplanforunityunderafederalsystem______intoeffectin1782.A、putB、go
WhatweretheofficialinterestratesbeforetheReserveBankofAustraliaanno
随机试题
PASSAGEFOUR[br]Whatisthispassagemainlyabout?Thedevelopmentandfutureo
设备工程监理的特点不包括()。A.时空跨度大 B.设备工程中涉外贸易量大
梁教授某月获得稿费3万元,则其就这笔稿费需要缴纳的个人所得税的数额为()元。A
ABC公司拟进行一项存在一定风险的完整工业项目投资,有甲、乙两个方案可供选择。
饭店的产品组合策略不包括( )A.填充策略 B.缩减策略 C.扩展策略
为确保某在建的超高层建筑施工过程的安全,建设项目参与个方面都采取了积极的安全控制
统计数据是采用某种计量尺度对事物进行计量的结果,采用不同的计量尺度会得到不同类型
下列项目不属于或有负债的是()。A:售出产品可能发生的质量事故赔偿B:尚未解决
对同一借款客户的贷款佘额与商业银行资本余额的比例不得超过()。A.5% B.
金融衍生品业务按产品形态分为( )。A.回购 B.期货 C.互换 D.期
最新回复
(
0
)