第1题
第2题
A.and fiscal policy is the time it takes for policy to change spending.
B.is the time it takes for policy to change spending. The principal lag for fiscal policy is the time it takes to implement it.
C.is the time it takes to implement policy. The principal lag for fiscal policy is the time it takes for policy to change spending.
D.and fiscal policy is the time it takes to implement policy.
第3题
A.Databases
B.Applications
C.Drivers
D.Games
第4题
A.6,890.
B.7,062.
C.7,133.
D.7,186.
第6题
A、1-Nov-19
B、January 1, 2018.June 2, 2018
C、1-Nov-18
D、31-Dec-18
第7题
What will Faisa Azbal speak about?
A.The future job openings in the company.
B.The direction the company is heading.
C.The outlook for the fourth quarter.
D.The growth in the international branch.
第8题
So, what should be done to stimulate consumer spending? World-renowned economist Paul Krugman argues that the public should be encouraged to expect inflation. His theory is based on psychology: Consumers tend to increase spending if they expect inflation, and cut spending if they anticipate deflation.
In my opinion, though, this psychology applies only to real estate. During the bubble economy, land prices in and around Japan's six largest cities soared at an annualized 23.2 percent. In five years starting in fiscal 1985, land prices in the same area grew 2.8 times. In such a situation, people naturally rushed to obtain mortgages and buy homes. Land prices started falling in fiscal 1991. During the subsequent recession, prices in and around the six largest cities plunged 33 percent, or an annualized 10.2 percent, from fiscal 1990. The plunge led to a sharp depreciation in real-estate values, causing potential home buyers to expect further drops. This dampened real-estate transactions and touched off a chain reaction in price declines.
Such a scenario, however, is unlikely with the new generation of high-tech products such as personal computers, digital cameras and DVD systems. These products command surprisingly high prices when they debut, but mass production causes prices to drop by more than half within several years. Consumers expect deflation over the years for new high-tech products, which often sell out at first due to strong demand.
Real-estate prices are based on asset value (present value incorporating future gains) while consumer-product prices are based on utility value (value of convenience and satisfaction obtained from using the products ). Consumers buy new digital cameras for their convenience and new features. Thus expectations of future price drops are unlikely to discourage them from making purchases. Expectations of inflation do cause people to rush to buy real estate, but there is no significant correlation between consumer spending and expectations of inflation. However, should expectations of inflation cause a benign cycle of inflation and a strong rise in real-estate prices, the "asset effect" can lead to an increase in consumer spending.
In this passage the author tries to______.
A.criticize Paul Krugman for omitting some crucial points in his theory.
B.explain the recession in the consumer-product in Japan.
C.bring up a theory concerning the consumer behavior.
D.cast some light on how to pull Japan out of the recession in the consumer-product.
第9题
A.fiscal policy is macroeconomic policy and monetary policy is microeconomic policy
B.monetary policy is macroeconomic policy and fiscal policy is microeconomic policy
C.fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods
D.monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing
第10题
A.He thinks that wind power will require more research before it becomes practical.
B.He supports the use of wind power only as a secondary source of energy.
C.He feels that most of the world's energy problems will be solved by wind power.
D.He believes that there are too many problems associated with wind power.
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