Just who is this behind-the-scenes guy they think has more power than George W. Bush ever will He"s Alan Greenspan, a 74-year-old expert economist who heads the Federal Reserve, commonly known as the Fed. Unlike the president, who has to please the voters and compromise with Congress, Greenspan doesn"t have to answer to anyone.
But that doesn"t mean his job is easy.
Basically, Greenspan is in charge of keeping the nation"s economy stable. The economy is sort of like a balloon: blow in too much air, and it pops. But with too little air, it falls to the floor. Greenspan helps decide when to blow more air into the economy, In this case, the air in a balloon is the amount of money in the economy. Greenspan can make the economy grow by increasing the money supply, or keep the economy from inflating too much by decreasing the money supply. His goal is for the economy to grow and contract gradually. Rapid changes can harm businesses and consumers.
After years of very high growth, the American economy is starting to slow down. Recently, corporations have been making less money and people are starting to have a harder time finding jobs. Greenspan is hoping to ease the economy into a soft landing. It"s just like to make the car come to a gentle stop instead of hitting a brick wall. If he succeeds, the country will avoid two possible problems: rising prices and high unemployment.
At the Fed"s meeting, Greenspan and the other members decided that the economy was growing at an OK rate, but that there is a possibility of a serious slowdown, and in order to solve that, they could lower interest rates at the next meeting in an attempt to encourage people to borrow and spend,
While there"s no way to know what they will decide, one thing is certain: the decisions that Greenspan and the Federal Reserve Board make will affect everyone who earns, borrows or spends money.Greenspan may help the country to avoid the problems EXCEPT ______.
A.rising prices
B.high unemployment
C.economic slowdown
D.bank loans
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你可能感兴趣的试题
In the ancient world, as is today, most boys played with some kinds of toys and most girls with another, In societies where social roles are rigidly determined, boys pattern their play after the activities of their fathers and girls after the tasks of their mothers, This is true because boys and girls are being prepared, even in play, to step into the roles and responsibilities of the adult world,
What is remarkable about the history of toys is not so much how they changed over the centuries but how much they have remained the same, The changes have been mostly in terms of craftsmanship, mechanics, and technology, It is the universality of toys with regard to their development in all parts of the world and their persistence to the present that is amazing. In Egypt, the Americas, China, Japan and among the Arctic (北极的) peoples, generally the same kinds of toys appeared. Variations depended on local customs and ways of life because toys imitate their surroundings. Nearly every civilization had dolls, little weapons, toy soldiers, tiny animals and vehicles.
Because toys can be generally regarded as a kind of art form, they have not been subject to technological leaps that characterize inventions for adult use. The progress from the wheel to the oxcart to the automobile is a direct line of ascent (进步). The progress from a rattle (拨浪鼓) used by a baby in 3000 BC to one used by an infant today, however, is not characterized by inventiveness. Each rattle is the product of the artistic tastes of the times and subject to the limitations of available materials.Which of the following is the author"s view on the historical development of toys
A.The craftsmanship in toy-making has remained essentially unchanged.
B.Toys have remained basically the same all through the centuries.
C.The toy industry has witnessed great leaps in technology in recent years.
D.Toys are playing an increasingly important role in shaping a child"s character.
In the ancient world, as is today, most boys played with some kinds of toys and most girls with another, In societies where social roles are rigidly determined, boys pattern their play after the activities of their fathers and girls after the tasks of their mothers, This is true because boys and girls are being prepared, even in play, to step into the roles and responsibilities of the adult world,
What is remarkable about the history of toys is not so much how they changed over the centuries but how much they have remained the same, The changes have been mostly in terms of craftsmanship, mechanics, and technology, It is the universality of toys with regard to their development in all parts of the world and their persistence to the present that is amazing. In Egypt, the Americas, China, Japan and among the Arctic (北极的) peoples, generally the same kinds of toys appeared. Variations depended on local customs and ways of life because toys imitate their surroundings. Nearly every civilization had dolls, little weapons, toy soldiers, tiny animals and vehicles.
Because toys can be generally regarded as a kind of art form, they have not been subject to technological leaps that characterize inventions for adult use. The progress from the wheel to the oxcart to the automobile is a direct line of ascent (进步). The progress from a rattle (拨浪鼓) used by a baby in 3000 BC to one used by an infant today, however, is not characterized by inventiveness. Each rattle is the product of the artistic tastes of the times and subject to the limitations of available materials.One aspect of "the universality of toys" lies in the fact that ______.
A.technological advances have greatly improved the durability of toys
B.the improvement of craftsmanship in making toys depends on the efforts of universities
C.the exploration of the universe has led to the creation of new kinds of toys
D.the basic characteristics of toys are the same the world over
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