时间:2018-12-01 作者:英语课 分类:历年考研英语阅读理解


英语课
[00:00.00]在线英语听力室(www.tingroom.com)友情制作
[00:03.79]1997 Passage5
[00:07.51]Much of the language used to describe monetary 1 policy,
[00:11.35]such as "steering 2 the economy to a soft landing"
[00:14.87]or "a touch on the brakes",
[00:17.31]makes it sound like a precise science.
[00:20.90]Nothing could be further from the truth.
[00:23.94]The link between interest rates and inflation is uncertain.
[00:28.47]And there are long, variable lags
[00:30.74]before policy changes have any effect on the economy.
[00:35.18]Hence the analogy that likens
[00:37.01]the conduct of monetary policy
[00:39.43]to driving a car with a blackened windscreen,
[00:42.26]a cracked rearview mirror and a faulty steering wheel.
[00:46.90]Given all these disadvantages,
[00:49.22]central bankers seem to have had much to boast about of late.
[00:54.67]Average inflation in the big seven industrial economies
[00:58.50]fell to a mere 3 2.3% last year,
[01:01.93]close to its lowest level in 30 years,
[01:05.05]before rising slightly to 2.5% this July.
[01:09.59]This is a long way below the double-digit rates
[01:12.71]which many countries experienced
[01:14.93]in the 1970s and early 1980s.
[01:19.17]It is also less than most forecasters had predicted.
[01:22.59]In late 1994 the panel of economists 5
[01:26.63]which The Economist 4 polls each month said that
[01:30.36]America's inflation rate would average 3.5% in 1995.
[01:36.62]In fact, it fell to 2.6% in August,
[01:40.86]and is expected to average only about
[01:43.61]3% for the year as a whole.
[01:47.24]In Britain and Japan
[01:48.80]inflation is running half a percentage point
[01:51.42]below the rate predicted at the end of last year.
[01:55.36]This is no flash in the pan;
[01:57.52]over the past couple of years,
[01:59.53]inflation has been consistently lower than expected
[02:02.87]in Britain and America.
[02:05.89]Economists have been particularly surprised
[02:08.81]by favourable 6 inflation figures in Britain
[02:11.74]and the United States,
[02:13.45]since conventional measures suggest that both economies,
[02:17.58]and especially America's,
[02:19.97]have little productive slack.
[02:22.29]America's capacity utilisation, for example,
[02:25.71]hit historically high levels earlier this year,
[02:28.85]and its jobless rate (5.6% in August)
[02:32.98]has fallen below most estimates
[02:35.19]of the natural rate of unemployment
[02:37.42]--the rate below which inflation has taken off in the past.
[02:41.36]在线英语听力室(www.tingroom.com)友情制作
[02:42.66]Why has inflation proved so mild?
[02:45.38]The most thrilling explanation is,
[02:47.70]unfortunately, a little defective 7.
[02:50.33]Some economists argue
[02:52.06]that powerful structural 8 changes in the world
[02:54.68]have upended the old economic models
[02:57.80]that were based upon the historical link
[03:00.42]between growth and inflation.


1 monetary
adj.货币的,钱的;通货的;金融的;财政的
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
2 steering
n.操舵装置
  • He beat his hands on the steering wheel in frustration. 他沮丧地用手打了几下方向盘。
  • Steering according to the wind, he also framed his words more amicably. 他真会看风使舵,口吻也马上变得温和了。
3 mere
adj.纯粹的;仅仅,只不过
  • That is a mere repetition of what you said before.那不过是重复了你以前讲的话。
  • It's a mere waste of time waiting any longer.再等下去纯粹是浪费时间。
4 economist
n.经济学家,经济专家,节俭的人
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
5 economists
n.经济学家,经济专家( economist的名词复数 )
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
6 favourable
adj.赞成的,称赞的,有利的,良好的,顺利的
  • The company will lend you money on very favourable terms.这家公司将以非常优惠的条件借钱给你。
  • We found that most people are favourable to the idea.我们发现大多数人同意这个意见。
7 defective
adj.有毛病的,有问题的,有瑕疵的
  • The firm had received bad publicity over a defective product. 该公司因为一件次品而受到媒体攻击。
  • If the goods prove defective, the customer has the right to compensation. 如果货品证明有缺陷, 顾客有权索赔。
8 structural
adj.构造的,组织的,建筑(用)的
  • The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
  • The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。
学英语单词
a gemini
Addtl
aligning microscope
appoximate continuity
Arderone
auxiliary firing
body search
bonibells
bubble dancer
bus duct work
bustiers
cancelled ballot ticket
chip shell
coalign
cotton gatherer
crest angle
cronje
cubango
cut-off interval
cycloses
depilators
dip coating process
distance correcting mechanism of range-finder
DMZ hosts
dryhanded
dryness-moistening and phlegm-resolving prescription
Fergusonite-trihydrate
filament emission
fine and microstructure of ocean
galactaric acid
good-times
granados
half-duplex
hyaline cell
hydroxyphenylarsonic acid
inferior carotid ganglia
integrated sounding system (iss)
interface description language
invisible runners
kakortokite
keep your eye on the ball
Koch's node
larch bark extract
line-sequential color-television
liquid breakdown
liquidation statement
long summer
machine-readable texts
maintenance team
matako
mazurek
mesoporous molecular sieve catalyst
monascus
multirelation
Nea Dimmata
night-creams
Nocardiophage
nomo-
nonerupted deciduous teeth
nonreconstructive inversion
nuplex
Ojo de Laguna
Ollantaitambo
operating losses
palilalias
parturiates
party-man
pashminas
payment of royalty
pendulous axis
phylosopher
pickled
population distribution
position modulation
prediction accuracy
purified helium product cooler
repaneled
ruddys
Runamycin
serve the turn
shatterindex
side draw tray
skew pupils
sputtering deposition
stereoscopic rangefinder
sulfatidate
Szabo
tampulbolon
tautomerizm
telc
tilting prevention device
Timpas
to keep your eyes peeled
unchampioned
Uniloy
universal-joint journal
vaccary
Vsign
water-sop
Whitworth standard screw thread
young Turks