Due to his recent failure to meet the deadline, Jason is ______ from the list for promotio
A.pried
B.retreated
C.wrenched
D.eliminated
A.pried
B.retreated
C.wrenched
D.eliminated
A.eliminated
B.retreated
C.pried
D.wrenched
A.apologize
B.to apologize
C.apologized
D.apologizing
The broader point in his prepared testimony is that the improved information and production controls evident in the new economy
induce companies to respond more quickly and in tandem to changes in their business. Mistakes are still made as is evidenced by the unwanted buildup of inventories at the end of last year, but any mistakes are more aggressively addressed than in the past, as is evidenced by manufacturers' recent slashing of production. Moreover, the increasingly dramatic shifts in economic activity are particularly hard on confidence. Consumers and businesses literally freeze up due to the heightened uncertainty, and run from any perceived risks and curtail their spending and investment. If confidence deflates by enough, then a recession will ensue.
Confidence has also been under extraordinary pressure in recent months due to surging energy prices and weaker stock prices. Higher energy bills have acted much like a tax increase, save the checks are largely being written to foreign energy producers. The lower stock prices are having a magnified impact due to the dramatic increase in stock wealth since the mid-1990s.
The conduct of monetary policy must adjust to all of this, and thus respond more quickly and aggressively than in the past in an effort to shore up confidence. This explains the dramatic and unprecedented action (at least by a Greenspan-led Federal Reserve) to cut the federal funds rate target by 100 basis points in January: This also suggests that substantially more easing is on the way in the weeks ahead. Just when and by how much will depend on whether confidence continues to fall.
The chairman made a point to note that policymakers have significant latitude to ease policy aggressively since inflation remains low and tame. Despite surging energy prices, inflation and inflation expectations remain contained.
The Federal Reserve's economic projections for this year provided as part of the testimony support this non-recessionary view. Real GDP is expected to grow by between 2% and 2. 5% between the fourth quarter of 2000 and the fourth quarter of this year. Since this is below the economy's potential growth, the jobless rate will rise to approximately 4. 5% by year's end. Inflation will moderate somewhat in response.
Recession risks are rising and as high as they have been since the last downturn almost a decade ago. The key buffer between a soft economy and a recessionary one is confidence, and today's testimony by the Federal Reserve chairman clearly indicates that policymakers will be as aggressive as they need to be to ensure that confidence erodes no further. With just a bit of luck they will succeed.
The best title for this passage may be______
A.Greenspan's Testimony.
B.A New Economy.
C.New Monetary Policy.
D.A Confidence Builder.
Much more interest has been shown in preventive medicine in recent years. This is probably due in part to the increasing costs of medical treatment, but the writings of such people as Dr. Keneth Cooper have also played an important role. In his book Aerobics. Dr. Cooper communicated his message of the benefits of exercise so effectively that many other authors have flowed in his trail, and literally millions of readers have put on their sports shoes and taken to the highways and byways of America. A recent survey showed that over 17 million people are jogging. Many of these are so serious that they have trained themselves to run the 26 miles and 385 yards of the hard and tiring marathons that are sponsored all over the country. The last time I was in Honolulu, I was amazed to see hundreds of people, young and old, running for their lives, and I discovered many of them have run in the Hawaiian Marathon.
Exercise has also become a major part of conversation. A1 a dinner party recently, the president of a bank asked me, "You look like a runner; how far do you run each day?" A few days later when I appeared on a national television show, the host suddenly asked me if I was a regular runner. On both occasions the conversation turned to the subject of exercise and I found, as I have found whenever I have traveled recently, that this is a subject on many people's minds. Of course, there are still many people who are less than enthusiastic about exercise. They appreciate the philosophy of Robert M. Hutchins who said, "Whenever the thought of exercise occurs to me, I lie down till it passes."
The first paragraph indicated that medical workers ______.
A.are in great demand?
B.make a lot of money
C.are concerned with their own health
D.like sports more than ordinary people
What is the woman upset about?
A.Her paper due the next week.
B.Her most recent exam grade.
C.The material on the exam.
D.Not being able to get lunch.
A.Her paper due the next week.
B.Her most recent exam grade.
C.The material on the exam.
D.Not being able to get lunch
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