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
外语
The historically hot housing market will inevitably slow, with a possible decline in home prices and consumer spending. Speak
The historically hot housing market will inevitably slow, with a possible decline in home prices and consumer spending. Speak
admin
2011-02-28
31
问题
The historically hot housing market will inevitably slow, with a possible decline in home prices and consumer spending.
Speaking to the Kansas City Fed’s annual economic conference, Greenspan, Federal Re- serve Chairman, reemphasized that the Fed can’t now point interest rate policy at stock, housing or other asset prices, even if it were so inclined. Greenspan also said the housing cool-off doesn’t have to be painful if the nation preserves its economic flexibility. "The housing boom will inevitably cool down. As part of that process, house-sales volume will decline from currently historic levels, while home-price increases will slow and prices could even decrease," he said.
Earlier, he had warned investors not to assume higher prices for assets such as stocks or houses were permanent, saying gains could disappear if the economy or investor sentiment turned.
Home prices have risen 50% on average over the past five years. The average price of an existing home shot up 13.6% in the second quarter of 2005 compared with a year earlier. There are potential benefits from a housing slowdown. As prices correct and owners can’t pull as much equity from their homes, personal savings should rise and the enormous trade deficit should decline. Further, a slowing in the housing market might mean that the Fed, which has been raising interest rates since June 2004 to control potential inflation, might not have to push them as far or fast. A decline in consumer purchases could also slow growth. Consumer spending makes up about two-thirds of the economy.
Lyle Gramley, a former Fed governor now at the Stanford Washington Research Group, does not think Greenspan was predicting a rapid adjustment in housing prices, savings and the trade deficit, but a gradual three-to five-year rear rangement.
Greenspan, who has said the Fed’s role is not to stop market bubbles, said that it doesn’t have. the expertise to use interest rates to influence asset prices that could change in the future. The speech was probably Greenspan’s last to the Kansas City Fed conference. His term ends Jan. 31.
What can be inferred from the fourth paragraph?
选项
A、The Fed will raise the interest rate to control the potential inflation.
B、The Fed will cut down the interest rate.
C、When the economic growth slows down, the rise of interest rate also slows.
D、The interest rate is utilized to decrease the prices of stocks.
答案
C
解析
见第四段第五句话:Further,a slowing in the housing market might mean that the Fed, which has been raising interest rates since June 2004 to control potential inflation,might not have to push them as fast or fast。
转载请注明原文地址:https://jikaoti.com/ti/vnzsFFFM
本试题收录于:
公共英语三级笔试题库公共英语(PETS)分类
0
公共英语三级笔试
公共英语(PETS)
相关试题推荐
Thebigidentity-theftbustlastweekwasjustatasteofwhat’stocome.Here’showtoprotectyourgoodname.HERE’STHES
Howeverimportantwemayregardschoollifetobe,thereisnodenyingthefactthatchildrenspendmoretimeathomethaninth
Afindinginrecentyearsshowsthatmencannotmanufacturebloodasefficientlyaswomencan.Thismakessurgeryriskierforme
Threecommonwaysofrememberingare:repetition,association,andexaggeration.Repetitionisthekeytolongtermmemory.【
Irememberthewaythelighttouchedherhair.Sheturnedherhead,andoureyesmet,amomentaryawarenessinthatraucousfift
Whatisonethingtheapartmentbuildingwhichthewomandescribesdoesnothave?
What’stheman’sfirstreactiontowhatthewomandescribes?
What’stheman’sfirstreactiontowhatthewomandescribes?
Whichofthefollowingadjectivesbestdescribesthepassage?
随机试题
在国务院规定的关闭国有煤矿矿办小井和乡镇煤矿停产整顿最后期限前,某省实现了矿办小井一律关闭的目标,并关闭乡镇煤矿619处。然而,该省关闭整顿小煤矿百人督导组负责人在接受记者采访时指出:对照国务院提出的关井“六项标准”(吊销有关证照、炸毁井筒、拆除设施、填平
能感受旋转变速运动时位置变化的刺激的结构是
结核预防性化疗使用的药物是
A.山药B.水蛭C.阿胶D.鳖甲E.骨碎补用蛤粉炮制的是()
2016年1月1日,乙拾得甲的一个名牌手包,一时找不到失主,便拿回家准备第二天发朋友圈继续寻找。不料三日后,手包被丙从乙家中盗走,乙当日报警。2017年1月5日,乙从某公安局获悉该案已破获。2018年2月1日,丁通过拍卖从某公安局买得该手包。据此,下列哪一
现金流量表中的现金,是指企业的库存现金和可以随时用于支付的存款。()
下列情形中,()最可能导致成本推动的通货膨胀。
下列行为中,犯有非法吸收公众存款罪的是()。
People’sfinancialhistoryhasastrongimpactontheirtasteforrisk.LookingatsurveysofAmericanhousehold【C1】______from1
A、Theyarepoorattechnologyskills.B、Theyarekeenonhightechnology.C、TheyoftenlistentoNationalPublicRadio.D、Theyf
最新回复
(
0
)