One of the major problems in our economy (經(jīng)濟(jì)) is inflation, a situation in which prices are going up faster than wages (工資). Thus, a person has to work more hours to pay for the same thing.

For example, let’s say that this year a loaf of bread costs $ 1.00 and the average salary in the United Sates is $ 10.00 per hour. That means a person could earn enough money to buy a loaf of bread in one – tenth of an hour, or six minutes. Then, halfway through the year, the price of the bread goes up to $ 1.25, while wages stay the same. That means that a person now has to work one – eighth of an hour – seven and a half minutes – to buy the same loaf of bread.

Now let’s say that at the end of the year, wages go up to $ 11.00 per hour, but the price of bread goes up to $ 1.50. Now a person has to work more than one – seventh of an hour – over eight minutes – to buy the same loaf of bread. As you can see, if more and more work time is spent earning money to buy loaves of bread, employees will have less money left over to buy other things. Inflation means that the same money buys fewer things and everybody’s standard of living goes down, even if salaries are going up.

Some kinds of inflation are worse than others. Moderate inflation does not distort (扭曲) relative prices or incomes seriously. Galloping inflation happens rapidly, say at a rate of 100 percent or more within a year. And then there’s hyperinflation – inflation so serious that people try to get rid of their currency (貨幣) before prices rise further and make the money worthless. Times of hyperinflation are usually characterized by social and political disorder.

1．The passage mainly wants to         .

       A．list major economic problems                B．discuss something about inflation

       C．explain why bread prices increase          D．state the types of inflation

2．Why is “a loaf of bread” repeatedly mentioned?

       A．To express dissatisfaction with the price of bread.

       B．To show the effect of price changes.

       C．To compare bread with other foods.

       D．To explain social and political disorder.

3．What happens when prices go up but salaries remain the same?

       A．The government will do more about the economy.

       B．Workers might lose their jobs if they show dissatisfaction.

       C．People will save money rather than spend it.

       D．People must work longer to buy the same things.

4．Which of the following belongs to the type of moderate inflation?

      A．People try to get rid of their currency.

       B．Inflation occurs at a rate of 100 percent in a year.

       C．Incomes and relative prices rise slightly.

       D．There is social and political disorder.

 

    One of the major problems in our economy（經(jīng)濟(jì)）is inflation, a situation in which prices are going up faster than wages（工資）. Thus, a person has to work more hours to pay for the same thing.

    For example, let’s say that this year a loaf of bread costs $1.00 and average salary in the United Sates is $10.00 per hour. That means a person could earn enough money to buy a loaf of bread in one-tenth of an hour, or six minutes. Then, halfway through the year, the price of the bread goes up to $1.25, while wages stay the same. That means that a person now has to work one-eighth of an hour—seven and a half minutes to buy the same loaf of bread.

    Now let’s say that at the end of the year, wages go up to $11.00 per hour, but the price of bread goes up to $1.50. Now a person has to work more than one-seventh of an hour—over eight minutes—to buy loaves of bread, employees will have less money left over to buy other things, Inflation means that the same money buys fewer things and everybody’s standard of living goes down, even if salaries are going up.

    Some kinds of inflation are worse than others. Moderate inflation does not distort (祖曲)relative prices or incomes seriously. Galloping inflation happens rapidly, say at a rate of 100percent or more within a year. And then there’s hyperinflation—inflation so serious that people try to get rid of their currency（貨幣）before prices rise further and make the money worthless. Times of hyperinflation are usually characterized by social and political disorder.

1.The passage mainly wants to         .

    A．list major economic              B．discuss something about inflation

    C．explain why bread prices increase                  D．state the types of inflation

2.Why is “ a loaf of bread” repeatedly mentioned?

    A．To express dissatisfaction with the price of bread

    B．To show the effect of price changes

    C．To compare bread with other foods

    D．To explain social and political disorder

3.What happens when prices go up but salaries remain the same?

    A．The government will do more about the economy

    B．Workers might lose their jobs if they show dissatisfaction

    C．People will save money rather than spend it.

    D．People must work longer to buy the same things

4.Which of the following belongs to the type of moderate inflation?

    A．People try to get rid of their currency

    B．Inflation occurs at a rate of 100 percent in a year

    C．Incomes and relative prices rise slightly

    D．There is social and political disorder

 

One of the major problems in our economy（經(jīng)濟(jì)）is inflation（通貨膨脹）, a situation in which prices are going up faster than salary（工資）. Thus, a person has to work more hours to pay for the same thing.

       For example, let’s say that this year a loaf of bread costs $1.00 and average salary in the United Sates is $10.00 per hour. That means a person could earn enough money to buy a loaf of bread in one-tenth of an hour, or six minutes. Then, halfway through the year, the price of the bread goes up to $1.25, while salary stay the same. That means that a person now has to work one-eighth of an hour—seven and a half minutes to buy the same loaf of bread.

       Now let’s say that at the end of the year, salary goes up to $11.00 per hour, but the price of bread goes up to $1.50. Now a person has to work more than one-seventh of an hour—over eight minutes—to buy loaves of bread, employees will have less money left over to buy other things, inflation means that the same money buys fewer things and everybody’s standard of living goes down, even if salaries are going up.

       Some kinds of inflation are worse than others. Moderate（中等的） inflation does not distort (歪曲)relative prices or incomes seriously. Galloping inflation happens rapidly, say at a rate of 100percent or more within a year. And then there’s hyperinflation—inflation so serious that people try to get rid of their currency（貨幣）before prices rise further and make the money worthless. Times of hyperinflation are usually characterized by social and political disorder.

56. The passage mainly wants to         .

       A. list major economic problems                 B. discuss something about inflation

       C. explain why bread prices increase           D. state the types of inflation

57. Why is “ a loaf of bread” repeatedly mentioned?

       A. To express dissatisfaction with the price of bread

       B. To show the effect of price changes

       C. To compare bread with other foods

       D. To explain social and political disorder

58. What happens when prices go up but salaries remain the same?

       A. The government will do more about the economy

       B. Workers might lose their jobs if they show dissatisfaction

       C. People will save money rather than spend it.

       D. People must work longer to buy the same things

59. Which of the following belongs to the type of moderate inflation?

       A. People try to get rid of their currency

       B. Inflation occurs at a rate of 100percent in a year

       C. Incomes and relative prices rise slightly

       D. There is social and political disorder

One of the major problems in our economy（經(jīng)濟(jì)）is inflation（通貨膨脹）, a situation in which prices are going up faster than salary（工資）. Thus, a person has to work more hours to pay for the same thing.

       For example, let’s say that this year a loaf of bread costs $1.00 and average salary in the United Sates is $10.00 per hour. That means a person could earn enough money to buy a loaf of bread in one-tenth of an hour, or six minutes. Then, halfway through the year, the price of the bread goes up to $1.25, while salary stay the same. That means that a person now has to work one-eighth of an hour—seven and a half minutes to buy the same loaf of bread.

       Now let’s say that at the end of the year, salary go up to $11.00 per hour, but the price of bread goes up to $1.50. Now a person has to work more than one-seventh of an hour—over eight minutes—to buy loaves of bread, employees will have less money left over to buy other things, Inflation means that the same money buys fewer things and everybody’s standard of living goes down, even if salaries are going up.

       Some kinds of inflation are worse than others. Moderate inflation does not distort (祖曲)relative prices or incomes seriously. Galloping inflation happens rapidly, say at a rate of 100percent or more within a year. And then there’s hyperinflation—inflation so serious that people try to get rid of their currency（貨幣）before prices rise further and make the money worthless. Times of hyperinflation are usually characterized by social and political disorder.

56. The passage mainly wants to         .

       A. list major economic                               B. discuss something about inflation

       C. explain why bread prices increase           D. state the types of inflation

57. Why is “ a loaf of bread” repeatedly mentioned?

       A. To express dissatisfaction with the price of bread

       B. To show the effect of price changes

       C. To compare bread with other foods

       D. To explain social and political disorder

58. What happens when prices go up but salaries remain the same?

       A. The government will do more about the economy

       B. Workers might lose their jobs if they show dissatisfaction

       C. People will save money rather than spend it.

       D. People must work longer to buy the same things

59. Which of the following belongs to the type of moderate inflation?

       A. People try to get rid of their currency

       B. Inflation occurs at a rate of 100percent in a year

       C. Incomes and relative prices rise slightly

       D. There is social and political disorder