Rapid increases in the price level during periods of recession or high unemployment are kn
A.stagnation
B.stagflation
C.slump
D.inflation
A.stagnation
B.stagflation
C.slump
D.inflation
第1题
A.It increases death toll on the highway.
B.It results in the rapid depletion of our resources of petroleum.
C.It brings pollution to our environment.
D.It carries more things.
第2题
Paragraph 2 implies that ______.
A.population in the poorer countries has poorer qualifications
B.population in the poorer countries increases more rapidly
C.the government, institutions, labor, capital market and schools should be improved
D.poorer countries should be held responsible for the rapid growth of population
第3题
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 did Greenspan warn the investors about assets like stocks and houses?
A.He warned them not to wait to buy stocks or houses.
B.He warned them not to think the value of stocks or houses will rise permanently.
C.He warned them that the stocks and houses should be priority.
D.He warned them that the price of stocks and houses would decrease next year.
第4题
A.constantly
B.mainly
C.eventually
D.lately
第5题
Companies often find it easy to adapt to the rapid technological change in the world.
A.Right
B.Wrong
C.Doesn't Say
第6题
A.his right foot had been hurting.
B.he wanted to make a more rapid recovery.
C.the surgical operation had been a failure.
D.he couldn't afford all the medical expenses.
第7题
It can be inferred from the passage that earlier generations didn't realize______.
A.the interdependence of water, soil, and living things
B.the importance of the proper land use
C.the harmfulness of soil destruction and river floods
D.the extraordinary rapid growth of population
第8题
Researchers find that when a person tells lies ______.
A.he uses his unconscious mind
B.he tends to make some small changes in his behavior
C.he looks very serious
D.his blood pressure increases measurably
第9题
A.American Indians' whole mode of life was threatened
B.the Indians lost their hunting grounds
C.the Indians' principal means of existence-the buffalo was destroyed rapidly
D.the Indians didn't do anything against the white man's assault
第10题
MDMA differs from the classic drugs in that ______.
A.it doesn't produce physical withdrawal symptoms
B.it is an addictive substance
C.its effect upon the body increases quickly
D.it fails to excite the mind of the users