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标题: 求助：破解版prep 1-10 [打印本页]

作者: cindyyhy 时间: 2007-8-2 20:37
标题: 求助：破解版prep 1-10

Essay #10. 154
(22742-!-item-!-188;#058&00154-00)

Conventional wisdom has it that large deficits in the United States budget cause interest rates to rise. Two main arguments are given for this claim. According to the first, as the deficit increases, the government will borrow more to make up for the ensuing shortage of funds. Consequently, it is argued, if both the total supply of credit (money available for borrowing) and the amount of credit sought by nongovernment borrowers remain relatively stable, as is often supposed, then the price of credit (the interest rate) will increase. That this is so is suggested by the basic economic principle that if supplies of a commodity (here, credit) remain fixed and demand for that commodity increases, its price will also increase. The second argument supposes that the government will tend to finance its deficits by increasing the money supply with insufficient regard for whether there is enough room for economic growth to enable such an increase to occur without causing inflation. It is then argued that financiers will expect the deficit to cause inflation and will raise interest rates, anticipating that because of inflation the money they lend will be worth less when paid back.

Unfortunately for the first argument, it is unreasonable to assume that nongovernment borrowing and the supply of credit will remain relatively stable. Nongovernment borrowing sometimes decreases. When it does, increased government borrowing will not necessarily push up the total demand for credit. Alternatively, when credit availability increases, for example through greater foreign lending to the United States, then interest rates need not rise, even if both private and government borrowing increase.

The second argument is also problematic. Financing the deficit by increasing the money supply should cause inflation only when there is not enough room for economic growth. Currently, there is no reason to expect deficits to cause inflation. However, since many financiers believe that deficits ordinarily create inflation, then admittedly they will be inclined to raise interest rates to offset mistakenly anticipated inflation. This effect, however, is due to ignorance, not to the deficit itself, and could be lessened by educating financiers on this issue.

Question #34. 154-03 (22834-!-item-!-188;#058&000154-03)

It can be inferred from the passage that proponents of the second argument would most likely agree with which of the following statements?

(A) The United States government does not usually care whether or not inflation increases.

(B) People in the United States government generally know very little about economics.

(D) The United States government sometimes relies too much on the easy availability of foreign credit.

(E) The United States government increases the money supply whenever there is enough room for growth to support the increase.

我不明白，为什么不是E?因为题目问的是支持第二种观点的人，而不是作者的观点。我觉得 C应该是作者的观点。请大家帮帮忙看看我的理解有什么问题谢谢

作者: 程雅祺 时间: 2007-8-2 22:19

The second argument supposes that the government will tend to finance its deficits by increasing the money supply with insufficient regard for whether there is enough room for economic growth to enable such an increase to occur without causing inflation.

政府没有充足的考虑。。。就认为会inflation，说明C：制定policy不仔细，不仔细的原因就是没有充分考虑。。。

E 文章并没有这么说：一但有。。space就会increases the money supply 。好好体会文章

作者: cindyyhy 时间: 2007-8-3 15:38

明白了，谢谢mm

作者: cherry123 时间: 2007-9-6 21:48

请教这句话的结构及如何翻译

Conventional wisdom has it that large deficits in the United States budget cause interest rates to rise.

作者: kaijen 时间: 2007-9-22 12:31
Question #34. 154-03 (22834-!-item-!-188;#058&000154-03)

It can be inferred from the passage that proponents of the second argument would most likely agree with which of the following statements?

(A) The United States government does not usually care whether or not inflation increases.
(B) People in the United States government generally know very little about economics.
(C) The United States government is sometimes careless in formulating its economic policies.
(D) The United States government sometimes relies too much on the easy availability of foreign credit.
(E) The United States government increases the money supply whenever there is enough room for growth to support the increase.

Ans

C)
如何知道careless?
是the government will tend to finance its deficits by increasing the money supply with insufficient regard for whether there is enough room for economic growth to enable such an increase to occur without causing inflation.

作者: nuj_am 时间: 2007-9-22 16:14

insufficient regard

regard作名词有两个意思:1.尊重 2.关注,关心

这里是第二个意思, 直译即"不充分的关注",就是careless

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