首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
【F1】Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brak
【F1】Much of the language used to describe monetary policy, such as steering the economy to a soft landing or a touch on the brak
admin
2016-03-22
50
问题
【F1】
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 itself 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.【F2】
Hence there is an analogy that likens the conduct of monetary policy to driving a car with a blackened windscreen, a cracked rearview mirror and a faulty steering wheel.
Given all these disadvantages, central bankers seem to have had much to boast about of 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.【F3】
In Britain and Japan inflation is running half a percentage point below the rate predicted at the end of 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.
【F4】
Economists have been particularly surprised by favourable inflation figures in Britain and the linked States, since conventional measures suggest that both economies, and especially America’s, have little productive slack.
America’s capacity utilisation, for example, hit historically high levels earlier this year, and its jobless rate(5.6% in August)has fallen below most estimates of the natural rate of unemployment—the rate below which inflation has taken off on the past.
Why has inflation proved so mild? The most thrilling explanation is, unfortunately, a little defective.【F5】
Some economists argue that powerful structural changes in the world have upended the old economic models that were based upon the historical link between growth and inflation.
【F2】
选项
答案
因此这样的类比(就如同)把执行货币政策比作驾驶着一辆涂黑了挡风玻璃,打碎了后视镜,并且方向盘无法正常工作的汽车。
解析
转载请注明原文地址:https://jikaoti.com/ti/ZsZ7FFFM
0
考研英语一
相关试题推荐
KalveroObergdescribesfourstagesthatpeoplegothroughwhentheyexperiencesituationsthatareverydifferentfromthoseto
Untilrecentlymostscientiststhoughttheyknewwhatkilledoffthedinosaurs.A10km-widemeteoritehadsmashedintotheYucat
Untilrecentlymostscientiststhoughttheyknewwhatkilledoffthedinosaurs.A10km-widemeteoritehadsmashedintotheYucat
Oneofthedifferencesbetweenanimalsandmachinesisthatanimalbodiescanrepairmuchofthedamagethatacruelandhostile
Oneofthedifferencesbetweenanimalsandmachinesisthatanimalbodiescanrepairmuchofthedamagethatacruelandhostile
Oneofthedifferencesbetweenanimalsandmachinesisthatanimalbodiescanrepairmuchofthedamagethatacruelandhostile
Scientistshavebegunusingsatellite-basedsystemstopredictvolcaniceruptions.Thisallowsblanketcoverageoftheentirewo
APet’sWish宠物的心愿Writeanessayof160-200wordsbasedonthedrawing.Inyouressay,youshould1)describethedrawingbriefl
Parents’Expectation,Children’sBurden父母的期望,孩子的负担Writeanessayof160-200wordsbasedonthedrawing.Inyouressay,yousho
Whatmakesagreathighschool?Americansthinkalotofthingsdo,fromoutstandingacademicsorasupportiveenvironmentfors
随机试题
女性,64岁,绝经14年,阴道少量出血3次。查体:腹膨隆,如足月妊娠,腹水征(一),B超示:巨大肿物40cm×50cm×30cm大,囊性,多房性。体重、食欲、二便均无变化。本例最可能为卵巢的
社会主义民主政治的本质和核心是【】
动脉血pH7.40时,可能存在的状态包括()
适用于门诊治疗中心、社区医疗单位及街道保健部门的健康咨询、预防保健的编号类型是
治疗痴呆的主穴是
摊派法是指政府将债券委托证券市场代为销售。()
资产负债表和现金流量表都是反映企业财务状况的报表。()
职业道德是与人们的()紧密联系的,符合职业特点要求的道德规范的总和。[2015年12月真题]
下列各项中,不属于投资性房地产的有()。
供应链管理的形成与发展主要经历了四个阶段:萌芽阶段、______阶段、形成阶段、发展和成熟阶段。
最新回复
(
0
)