时间:2019-02-03 作者:英语课 分类:step by step 3000 第一册


英语课

   Part 2. Nobel Prize winner for economics.


  Keywords. Nobel Prize for Economics,large forces, unemployment, inflation, national savings 1, change policy.
  Vocabulary. the Royal Swedish Academy of Sciences, macroeconomics, credit, stagflation.
  A. Listen to a passage about Edmund Phelps, a Nobel Prize winner for economics.
  Complete his major viewpoints below with the information you hear.
  Edmund Phelps has been awarded this year's Nobel Prize for economics.
  Mr Phelps is a professor of economics at Columbia University in New York City.
  The Royal Swedish Academy of Sciences honored Mr Phelps for his work in macroeconomics.
  That is the study of large forces that affect economies at the national or international level.
  Mr Phelps correctly identified the relationship between unemployment and inflation.
  Since 1930's, policy makers 2 in many nations dealt with unemployment in the same way.
  They would let inflation increase to create jobs.
  For example, they would make credit easier to get, as a result, people would buy more goods.
  Businesses would hire workers to meet growing demand, forcing prices up.
  For many years, policy makers accepted that reducing unemployment required higher inflation.
  Mr Phelps found that inflation did temporarily increase employment.
  But he discovered that over the long turn, inflation hurt job creation.
  His ideas were proved by economic conditions in America in the 1970's.
  That period was known for stagflation, having high unemployment and high inflation at the same time.
  Edmund Phelps also found that if employers expect low inflation in the future, they are more likely to hire workers.
  Today, economic policy experts believe the best way to create jobs is to fight inflation.
  Mr Phelps also studied national savings over long periods of time.
  Common sense suggests that a very high savings rate is best.
  But Mr Phelps showed that national savings rates can be too high.
  He argued that saving too much limited demand in the present, which could slow growth.
  The best savings rate is not so high that it limits demand in the present, and it's not so low that it limits growth and investment in the future.
  Still he argued that governments should take action to raise national savings.
  Edmund Phelps did much of his research in macroeconomics during the late 1960's and early 1970's.
  His work continues to influence economists 3.
  And it has helped change policy at central banks which now consider fighting inflation a main goal.
  B. Listen to the passage again, this time focus on the wrong ideas and theories common people and even policy makers held before.
  Supply the missing information.

n.存款,储蓄
  • I can't afford the vacation,for it would eat up my savings.我度不起假,那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时,他的存款已全部用完。
n.制造者,制造商(maker的复数形式)
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
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》
学英语单词
acetobutylicum
adverse drug events
after - sale service department
akasic
angelism
anorchus
answering machine
antipodists
antipyrino-caffeinum citricum
auto-Transfusion
Axenfeld's test
Bashir
black-on-black
bolometric method
Bolshevize, bolshevized
Burry Inlet
chopper spectrophotometer
clotbusters
combination carrier
complementary MOS integrated circuit
consolatory
critical magnetic flux density
Current Coupon
decline of water table
detonation wave
diareses
direct coupling system
direito
Doppler navigation system
dot speed
eacc
ECE
Edwin Drood
efficiency expert
electron-pair production
ever-handy
fancy for
feigned issue
fjord oceanography
flax dodder
fordist model
full-louvered door
functional assembly
further development
genus batrachosepss
genus Helipterum
group incentive plan
haulered
home-repair
icteric phthisis
indexlink
infidels
international liquidity units
Isocainide
isogredient
Jewified
longitude difference
major conjugate arc
man made satellite
means of fastening
megahenry
Middendorfa, Mys
minister of economic affairs
Morro, R.
NEC necessary
nonvascular organisms
nuculana husamaru
overlay contact
parameter model
pop-up missile
Pulindas
pump surging
relative degree of development
Republic of Finland
Richard Haldane
running set
Rupert
Ruppia maritima
sack trucks
safety colour
sanitoriums
satellite position
seven-card stud
shaped joist
shoot-em-up
singularity line
splittail
step up n.
superintending
supersalts
swine rearing
talipes planus
Tintigny
transprosed
uncollegiate
ungroup
value broker
waive sb off
X-Machine
You never know your luck.
zinc dichromate