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
25
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] 【C14】
选项
A、and
B、but
C、so
D、hence
答案
B
解析
逻辑关系题。原句空格前的内容指出其他费用也会增加,空格后的内容指出没有价格上涨得快。这两句之间是一种转折关系,故[B]but是答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3195436.html
相关试题推荐
WhichofthefollowingwasNOTattackedbeforethecrashofthehelicopter?[ori
Accordingtothenews,howmanypilotwhaleseventuallydiedbeforetheywerere
Therewillbegreatdemandonyoureffortsbeforeyoureachthe______ofthera
Untilwhattimewillthetornadowatchbeineffect?[br][originaltext]W
Untilwhattimewillthetornadowatchbeineffect?[br][originaltext]W
ThereasonwhyIleftbeforethemeetingendedwas______Iwasboredbythelen
Beforereturningtohisoffice,Joehasto______.[br][originaltext]M:Ihave
Beforereturningtohisoffice,Joehasto______.[br][originaltext]M:Ihave
ThespaceshuttleDiscoverycompleteditsmissionforabout______daysbeforei
WhatweretheofficialinterestratesbeforetheReserveBankofAustraliaanno
随机试题
Forcountlesstimesinhistory,peoplehaveexploredtherelationshipbetwe
[audioFiles]audio_ezf_m_0063(20101)[/audioFiles]
以70号石油沥青拌合沥青混合料摊铺温度不低于()℃。A.120~150 B.
A.甲氧明 B.普萘洛尔 C.洋地黄制剂 D.利多卡因 E.苯妥英钠室性
下列描述错误的是()。A.e---p曲线越平缓,土的压缩性越低 B.压缩模量
下列做法符合审慎性原则的是( )。A.对估计损失就低记载 B.对估计利润就高
共用题干 IrishDolphinsMayHaveaUniqueD
票据贴现的期限最长不得超过( )个月。A.6 B.12 C.18 D.2
(2015年真题)李某驾车不慎追尾撞坏刘某轿车,刘某向法院起诉要求李某将车修好。
女性,52岁,有胆管结石病史,近2天来右上腹疼痛,体温37.8℃,2小时前突然畏
最新回复
(
0
)