2. 职称英语
  3. America’s economic recovery remains uncomfortably weak. The latest data sho

America’s economic recovery remains uncomfortably weak. The latest data sho

游客2024-05-31  16
问题      America’s economic recovery remains uncomfortably weak. The latest data show industrial production falling while the trade deficit soars to record levels. To round off a dismal week for economic statistics, the Fed announced that industrial production fell by 0.2 percent in December compared with the previous month. That came as a disappointment to economists who had been expecting a small rise. Monthly data are always unreliable, of course; there is always a plausible explanation for unexpectedly bad (or good) news. But nearly all recent economic statistics point to the same conclusion--that American’s recovery remains sluggish (缓慢的) and erratic (不稳定的). It could put pressure on the Fed to consider cutting interest rates again when its policy making committee meets at the end of the month.
     The biggest obstacle to healthier economic performance, though, is political. As the Fed’s chairman, Alan Greenspan, acknowledged in the closing months of 2002, uncertain about the future is holding both investors and consumers back. The shadowy threat of international terrorism and the much more explicit prospect of a war with Iraq have made many Americans nervous about the future. For businesses still reeling from the speed at which the late 1990s boom turned to slump, the political climate is one more reason to put off investing in new plant and equipment or hiring new staff. For consumers, for so long the mainstay of the American economy, the thrill of the shopping mall seems, finally, to be on the wane.
     It is hard to put a favorable interpretation on most of the data. But it is important to keep a sense of perspective. Some recent figures look disappointing partly because they fall short of over optimistic forecasts--a persistent weakness of those paid to predict the economic future, no matter how often they are proved wrong. The Fed will be watching carefully for further signs of weakness during the rest of the month. Mr. Greenspan is an eager, even obsessive, consumer of economic data. He has made it clear that the Fed stands ready to reduce interest rates again if it judges it necessary--even after 12 cuts in the past two years. At its last meeting, though, when ii kept rates on hold, the Fed signaled that it did not expect to need to reduce rates any further.
    Monetary policy still offers the best short-term policy response to weak economic activity, and with inflation low the Fed still has scope for further relaxation. President Bush’s much-vaunted (过度吹嘘的) fiscal stimulus is unlikely to provide appropriate help, and certainly not in a timely way.  [br] How does monetary policy offer help for weak economic activity?
选项 A、It can stimulate investment in new plant and equipment.
B、It can reduce interest rates so as to stimulate weak economic activity.
C、The Fed tries to keep inflation low.
D、President Bush can offer appropriate monetary policy.
答案 B
解析 推断题。解答该题需要准确理解原文含义并有一定的经济学常识。上文(第二段)提到人们由于对未来不看好而推迟投资，第三段在试图为此寻求解决办法时提到．．．the Fed stands ready to reduce interest rates again．．．，可见货币政策刺激经济最常用的措施就是降低利息率，故选B项。
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