考研英语范文阅读模拟试题及答案解析(十)

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er from the truth. the link between interest rates and inflation is uncertain. and there are long, variable lags before policy changes have any effect on the economy. hence there is an analogy that likens the conduct of monetary policy to driving a car with a blackened windscreen, a cracked rearview mirror and a faulty steering wheel. given all these disadvantages, central bankers seem to have had much to boast about of late. average inflation in the big seven industrial economies fell to a mere 2.3% last year, close to its lowest level in 30 years, before rising slightly to 2.5% this july. this is a long way below the double-digit rates which many countries experienced in the 1970s and early 1980s. it is also less than most forecasters had predicted. in late 1994 the panel of ec考研英语范文阅读模拟试题及答案解析(十)

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