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GMAT阅读理解材料解析(二)

2015-02-05 20:09:58来源:网络

  新东方在线为大家精心整理了GMAT阅读理解材料解析的相关内容,分享给大家,供大家参考,希望对大家有所帮助!

  Conventional wisdom has it that large deficits in the United States budget cause interest rates to rise. Two main arguments are given for this claim. According to the first, as the deficit increases, the government will borrow more to make up for the ensuing shortage of funds. Consequently, it is argued, if both the total supply of credit (money available for borrowing) and the amount of credit sought by nongovernment borrowers remain relatively stable, as is often supposed, then the price of credit (the interest rate) will increase. That this is so is suggested by the basic economic principle that if supplies of a commodity (here, credit) remain fixed and demand for that commodity increases, its price will also increase. The second argument supposes that the government will tend to finance its deficits by increasing the money supply with insufficient regard for whether there is enough room for economic growth to enable such an increase to occur without causing inflation. It is then argued that financiers will expect the deficit to cause inflation and will raise interest rates, anticipating that because of inflation the money they lend will be worth less when paid back.

  Unfortunately for the first argument, it is unreasonable to assume that nongovernment borrowing and the supply of credit will remain relatively stable. Nongovernment borrowing sometimes decreases. When it does, increased government borrowing will not necessarily push up the total demand for credit. Alternatively, when credit availability increases, for example through greater foreign lending to the United States, then interest rates need not rise, even if both private and government borrowing increase.

  The second argument is also problematic. Financing the deficit by increasing the money supply should cause inflation only when there is not enough room for economic growth. Currently, there is no reason to expect deficits to cause inflation. However, since many financiers believe that deficits ordinarily create inflation, then admittedly they will be inclined to raise interest rates to offset mistakenly anticipated inflation. This effect, however, is due to ignorance, not to the deficit itself, and could be lessened by educating financiers on this issue.

  文章概况:文章开始就说美国大量赤字导致利率上升,后面给了两个观点来说明为什么会导致利率上升.第二段开头就说其实第一个观点不对,因为第一个观点假设 nongovernment borrowing and the supply of credit将会维持稳定.第三段说第二个观点也不对,因为通过金钱供给增多导致的赤字会只有经济增长没有足够的空间时才会导致通货膨胀!

  Question #33. 154-01 (22788-!-item-!-188;#058&000154-01)

  Which of the following best summarizes the central idea of the passage?

  (A) A decrease in nongovernment borrowing or an increase in the availability of credit can eliminate or lessen the ill effects of increased borrowing by the government.

  (B) Educating financiers about the true relationship between large federal deficits and high interest rates will make financiers less prone to raise interest rates in response to deficits.

  (C) There is little support for the widely held belief that large federal deficits will create higher interest rates, as the main arguments given to defend this claim are flawed.

  (D) When the government borrows money, demand for credit increases, typically creating higher interest rates unless special conditions such as decreased consumer spending arise.

  (E) Given that most financiers believe in a cause-and-effect relationship between large deficits and high interest rates, it should be expected that financiers will raise interest rates.

  问主旨,我们直接看选项

  A 非政府的borrowing下降或者credit的上升能够消除或缓解政府borrow的增加带来的负面影响.没说过,杀

  B 教育金融学家赤字和高利率之间的关系将会使金融学家不太倾向于提高利率,没说过,杀

  C 有一种观点认为赤字会导致高利率,而支持这个观点的一些理由是错误的,和文章的outline一致,留下

  D 当政府借钱,对于credit的需求增加,后面说什么消费者spending上升,没说过,杀

  E 选项中说it should be expected that financiers will raise interest rates,明显属于预测未来的主观答案,杀

  Question #34. 154-03 (22834-!-item-!-188;#058&000154-03)

  It can be inferred from the passage that proponents of the second argument would most likely agree with which of the following statements?

  (A) The United States government does not usually care whether or not inflation increases.

  (B) People in the United States government generally know very little about economics.

  (C) The United States government is sometimes careless in formulating its economic policies.

  (D) The United States government sometimes relies too much on the easy availability of foreign credit.

  The United States government increases the money supply whenever there is enough room for growth to support the increase.

  以上就是新东方在线为大家总结的2015年GMAT阅读理解材料解析的相关内容,希望对大家有所帮助,最后预祝大家在GMAT考试中取得优异的成绩!

  ---本文节选自新东方在线论坛


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