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解析:Deflation is an economic theory rel

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【单选题】Deflation is an economic theory relating changes in the price levels to changes in the quantity of money. In its developed (1) , it constitutes an analysis of the (2) underlying inflation and deflation.As (3) by theEnglish philosopher John Locke in the 17th century, the Scottish (4) David Hume in the 18th century, and (5) , it was a weapon (6) the mercantilists, who were thought to equate wealth with money. If the (7) of money by a nation merely raised (8) , argued the quantity theorists, then a "favourable" balance of trade, (9) desired by mercantilists, would increase the supply of money but would not in-crease (10) . In the 19th century the quantity theory (11) to the ascendancy of free trade over protectionism. In the 19th and 20th centuries it played a part in the (12) of business cycles and in the theory of foreign (13) rates.
The (14) theory came under attack during the 1930s, (15) monetary expansion seemed ineffective in combating deflation.Economists argued that the levels of investment and government spending were more important than the money supply in determining economic activity.
The tide of opinion (16) again in the 1960s, when experience (17) post-World WarⅡ inflation and new empirical (18) of money and prices— (19) A、Monetary History of the United States (1963) by Milton Friedman andAnna Schwartz—restored much of the quantity theory’ s lost prestige. One implication of this theory is that the size of the stock of money must be considered when shaping governmental policies (20) to control prices and maintain full employment.
A.accumulation
B.earn
C.spending
D.disposal

网考网参考答案:A
网考网解析:

[解题思路] 本题考核的知识点是:of结构,考查动宾关系。[A] accumulation意为“积累,堆积物”;[B] earn意为“获得”;[C] spending意为“花费”;[D] disposal意为“处理,通过”。分析此题的结构,正确选项应与逻辑宾语money相搭配,可以排除选项[D]和选项[B]。根据下文的语意,raise prices对于一个国家而言应该是积累财富,对于人民来说才是花钱,所以可以划定正确选项是[A]。 document.getElementById("warp").style.display="none"; document.getElementById("content").style.display="block"; 查看试题解析出处>>

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