2009PETS4真题2009PETS4真题.doc

Section III Reading Comprehension (60 minutes) 阅读理解A21、根据以下内容，回答21-40题。?????? Text 1????????Inflation has just exploded. ?The real problem is that we have an underlyingrate of inflation--an impetus of wages chasing prices--of maybe 9percent that is heading towards 10 percent. 燭here also have been tremendous shocks inenergy, food and housing prices, making it worse.?By the end of the year, we will be in asituation where year in, year out, we can look forward to at least 10 percent inflation. 燗nd the question will be: How much worse willoil, food and housing prices make that?牋牋牋牋The situation has degenerated to the pointthat the only way to turn it around is to think of some very extreme changes in policy. 燗 policy of gradualism, where youre talkingabout a mild recession and another 1 to 2 million people unemployed, wont makemuch difference. 燩ostponing action justmeans that inflation presses further and is even more difficult to deal with.?牋牋牋牋You have to start with revenue and monetaryrestraint. 燗ll the burden now is onmonetary policy. 燱e should shift to a much more restrictiverevenue policy and an easier monetary policy. 燭o be significant ,the 1981 budget should becut by at least 20 billion dollars from 616 billion President Carter proposed. 燭hats a major cut in government programs--andvery hard to do. 營ts impossible if yousave defense and all the programs indexed for changes in the cost of living.?牋牋牋牋So it means cuts across the board in everyarea--including the indexed programs, such as Social Security and food stamps. 燬tate and local-government revenue-sharingprograms are another major candidate. 燳ouve also got to reopen the 1980 budget andcut that.?牋牋牋?Then I would favor wage and price controlsto break the impetus of the wage-price interaction.?牋牋牋牋In order to get quick results, Id set thestandard around 5 or 6 percent for both wages and prices.?Basically , youre aiming to cut the rateof inflation in half the first year. 燭here