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
33
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] 【C16】
选项
A、reversed
B、rebuked
C、receded
D、repeated
答案
A
解析
动词辨析题。[A]reversed“倒转”;[B]rebuked“指责”;[C]receded“后退,减弱”;[D]repeated“重复”。由本段论述的内容可知,通缩时的情形与通胀时是相反的,所以[A]reversed是答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3195438.html
相关试题推荐
WhichofthefollowingwasNOTattackedbeforethecrashofthehelicopter?[br]
WhichofthefollowingwasNOTattackedbeforethecrashofthehelicopter?[ori
Accordingtothenews,howmanypilotwhaleseventuallydiedbeforetheywerere
Accordingtothenews,howmanypilotwhaleseventuallydiedbeforetheywerere
Therewillbegreatdemandonyoureffortsbeforeyoureachthe______ofthera
Untilwhattimewillthetornadowatchbeineffect?[br][originaltext]W
Untilwhattimewillthetornadowatchbeineffect?[originaltext]Weinte
Beforereturningtohisoffice,Joehasto______.[br][originaltext]M:Ihave
Beforereturningtohisoffice,Joehasto______.[originaltext]M:Ihavetoch
WhatweretheofficialinterestratesbeforetheReserveBankofAustraliaanno
随机试题
WriteonANSWERSHEETTWOacompositionofabout200wordsonthefollowing
Children’sHealthcareofAtlantawantstomoveGeorgiaoutofthetop10lis
万一有什么困难,你就给我们捎个信儿。Sendusamessageincaseyouhaveanydifficulty.
下列各项预算中,以生产预算为基础编制的有( )。A.直接材料预算 B.直接人
下列各项,属确诊宫颈癌最可靠的方法是A、宫颈刮片细胞学检查 B、阴道镜检查
某儿童玩耍时被金环蛇咬伤,该毒蛇的蛇毒主要作用的部位是A.肌肉细胞 B.骨骼
以下关于气海穴主治作用的叙述,不正确的是A.虚脱 B.腹泻 C.月经不调
Thechangeinthatvillagewasmiraculou
(2016年真题)在宋代话本小说《错斩崔宁》中,刘贵之妾陈二姐因轻信刘贵欲将她休
在企业财务分析时,对比两期或连续数期财务报告中相同指标,确定其变化方向、数额和幅
最新回复
(
0
)